Initial Attempts at Insurance and the Deepening Banking Crisis

The number of bills submitted to both the House and Senate for deposit insurance began to rise in late 193 1. In the 7 1st Congress (April 1929-March 1931), six bills were submitted to the House of Representatives, where they died in committee. Between the opening of the first session of the 72d Congress in December 1931 and its closure in July 1932, five bills were submitted to the Senate and