Archive for the 'Banking' Category

FIRST ATM MACHINE OPENED ON THIS DAY

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On September 2, 1969, America’s first automatic teller
machine
(ATM) makes its public debut, dispensing
cash to customers at
Chemical Bank in Rockville
Centre,
New York. ATMs went on to revolutionize the
banking industry,
eliminating the need to visit a bank
to conduct basic financial transactions.  

By the 1980s, these money machines had become
widely popular and handled
many of the functions
previously performed by human tellers, such as
check deposits and  money transfers between
accounts. 

Today, ATMs are as indispensable to most people
as cell phones and e-mail.



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Donald C. Wetzel (93) is an American businessman known
for holding the USA patent to the
automatic teller machine.

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posted by Bob Karm in ANNIVERSARY,ATM,Banking,CLASSIC ADS,DEBUT,Fincncial,HISTORY,Invation,Inventor and have No Comments

FIRST ‘’FIRESIDE CHAT’’ ON THIS DAY IN 1933

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Eight days after his inauguration, President Franklin D. Roosevelt
gave his first national radio address, or “fireside chat” (above), broadcast directly from the
White House
during the Great
Depression.  He began that address simply: “I want to talk for a
few minutes with the people of the United States about banking.”
He went on to explain his recent decision to close the nation’s
banks in order to stop a surge in mass withdrawals by panicked investor’s worried about possible bank failures. The banks would
be reopening the next day.


Roosevelt thanked the public for their “fortitude and good temper
during what he called the “banking holiday.”





 

posted by Bob Karm in Address,ANNIVERSARY,Banking,DEBUT,Great Depression,HISTORY,POLITICAL,President,RADIO and have No Comments

FIRST “DRIVE-IN” BANK ON THIS DAY IN 1946


The date was November 12, 1946. The place was the Exchange National
Bank of Chicago. The innovation was called a "drive-in bank."

posted by Bob Karm in ANNIVERSARY,Banking,DEBUT,Fincncial,HISTORY and have Comment (1)