Crackdown No. 1
Hanging near the teller's wicket in most of the nation's banks is a little bronzed plaque announcing that accounts are insured up to $5,000 by the Federal Deposit Insurance Corp. Bankers complained bitterly about having to buy those little plaque's (costing 15ยข), the idea of deposit insurance being thoroughly obnoxious to them. Once the bankers had the plaques, however, the idea of having them taken away seemed even more obnoxious. Until last week none had been withdrawn. Then Chairman Leo T. Crowley of FDIC announced that North Bergen (N. J.)...
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