First major round of U.S. bank failures(Great Depression) - Historydraft

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Great Depression - First major round of U.S. bank failures

Time: Dec, 1930

Place: U.S.

Details: First major round of U.S. bank failures. Some $550 million in deposits are lost. Over 300 banks failed in December alone.

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Great Depression-Federal Reserve's federal funds rate reaches 2%

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December 1930

Great Depression-Federal Reserve's federal funds rate reaches 2%

Dec, 1930 - Eccles Building, Washington, D.C., U.S.

Great Depression-Bank of United States collapses

Dec, 1930 - New York City, New York, U.S.

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