Up to what amount were savings-bank deposits insured under the early New Deal?

1. 1. When Roosevelt took the oath the banking and credit system was in a state of paralysis. 2. 2. The banks were reopened quickly and a policy of moderate currency inflation was adopted. 3. 3. Savings-bank deposits were insured up to $5,000. 4. 4. Severe regulations were placed on the sale of securities on the stock exchange at the same time. _Source: An Outline of American History (U.S. Information Agency, 1990, public domain), section NEW DEAL BRINGS SOCIAL REFORMS_