Wally and The Case of the Hundred Percent Bankers
July 14, 2018 9:08 AM Subscribe
We're going through a cleanup and scan time as a family, and one of the items we're working with is my grandfather's high school yearbook from Dallas, TX in 1944/1945. It's pretty straightforward, except we've noticed that many, many people have an achievement listed next to their clubs and awards that they are "One Hundred Percent Bankers". What does it meannnn?
See an example page here. My mom thinks it has something to do with war bonds, but my googling has been insufficient. There are no explanations elsewhere in the book that I can find. I assume that it's something specific to the school and that my wondering will all be fruitless, but any speculations are welcome.
See an example page here. My mom thinks it has something to do with war bonds, but my googling has been insufficient. There are no explanations elsewhere in the book that I can find. I assume that it's something specific to the school and that my wondering will all be fruitless, but any speculations are welcome.
Best answer: In 1935, economist Irving Fisher proposed banks institute "one hundred percent bank reserves." Full-reserve banking discourages bank runs.
posted by Iris Gambol at 11:02 AM on July 14, 2018 [1 favorite]
posted by Iris Gambol at 11:02 AM on July 14, 2018 [1 favorite]
Best answer: This WUStL working paper, School-based Savings Programs, 1930-2002, goes into detail about the history of programs like that mentioned in lagomorphius' link.
posted by zamboni at 12:14 PM on July 14, 2018 [1 favorite]
posted by zamboni at 12:14 PM on July 14, 2018 [1 favorite]
More abut Reserve Requirements. US 'too big to fail' banks now only need 3%.
posted by Rash at 9:47 PM on July 14, 2018
posted by Rash at 9:47 PM on July 14, 2018
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posted by lagomorphius at 9:29 AM on July 14, 2018 [3 favorites]