The Emergency Banking Relief Act of 1933

The Emergency Banking Relief Act of 1933

A) made $500 million available for bank loans and direct relief.
B) established a national bank holiday, closing the banks for four days to prevent a panic.
C) created a new national bank and federal depository.
D) encouraged banks to make loans to distressed businesses to safeguard the economy from further crisis.
E) established federal control over banks and rescued those in trouble with government loans.