“MONEY AND BANKING” 1963 CHECKING AND LOAN ANIMATED FILM FEDERAL RESERVE SYSTEM XD48944
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- čas přidán 7. 08. 2024
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This 1963 color educational film from the Alfred P. Sloan Foundation combines live action and animated footage to offer an introduction to basic banking, explaining how checks, loans, securities and the Federal Reserve operate. It's all presented in 1960s style including teller with bubblecut and beehive hairdos (TRT: 28:58).
Opening titles: “The National Association of Secondary-School Principals in Cooperation with the Alfred P. Sloan Foundation presents, Money and Banking” (0:08). Montage: Cash registers and shoppers in 1960s attire. A woman buys a purse, a man shops for sporting goods, etc. (0:21). Counting out change. Writing a check. Checkbooks in closeup (1:02). An animated illustration of a “Commercial Bank.” Cartoon men wearing “sandwich board” advertisements walk through a cityscape past men in suits, insurance companies, and financial companies with flashy signs. A cartoon commercial bank advertises clean restrooms, piped in music, free coffee (1:30). Cartoon banks spread across a U.S. map. A $15000 F.D.I.C. limit. Cartoon bank examiners (1:58). Bank tellers at work. A loan counter. A meeting with an elderly woman about forming a trust. A sign: “U.S. Savings Bonds on Sale Here” (2:15). Woman bank employees in montage. A door: “Notes and Foreign Exchange.” Currency, traveler’s checks, and money orders (2:47). Two women make deposits using deposit slips (3:33). An animated check. A western cowboy sends a money order via a stagecoach, which is held up. The stolen check is voided (3:56). We are introduced to “John” who writes a check. Shopping for surfboards. John carries away a new yellow board (4:57). A surf shop employee in a red floral shirt makes a sale, then a deposit (5:47). Handling checks in closeup (6:44). A man uses a large adding machine. Bags of checks go to a clearing house (7:16). Stacks of checks are bundled and sorted. Rapid fingers type on adding machine keys. Computers with magnetic tape drum memory (7:43). Mechanical sorting. Advertisements for loans in montage (8:08). A black man in a grey suit shops for a car at a sales lot. A blonde salesman offers a quote (9:03). The black man seeks a car loan at his bank. Filling out an application (9:46). The loan is approved with a 6% interest rate. Driving a new car (11:03). Animated calculations tabulate the loan’s total interest and the monthly payments (12:05). A corporate treasurer seeks a multi-million dollar loan, makes a deal (13:52). Animated calculations tabulate the interest over 5 years, payment on the principal (15:37). “6 ½% Simple Annual Interest, 200 Billion Dollars.” Previous scenes in montage (16:51). Filling out deposit slips. A black teller counts out cash. A white woman teller with a mod hairstyle (17:17). Animation: Money flows from the Federal Reserve to local banks. An illustration of seven white male figures in suits, “Board of Governors” (17:52). “5000 National Banks” blend with “State Banks.” Money goes back to the F.R.S. (18:37). A cartoon man in glasses makes a deposit. A banker puts the money in a drawer, then provides a loan to a man who writes checks to workmen, who deposit their checks in turn (19:32). Cartoon checks in closeup. A seductive cartoon woman in a short pink skirt receives a loan and purchases a hair salon via check, which is then cashed. Three checks’ fees are totaled, showing the profit to the banking system (20:34). Return to live action. Montage of financial headlines over busy banks (21:58). “Reserve Requirements.” A cartoon banker sells bonds to meet obligations and balance liabilities (22:28). Faced with excess reserves, more loans are granted (23:42). “Federal Open Market Committee.” Securities are exchanged and “No Loans Available” (24:42). More reserves result in more loans. Flags advertise low Federal Reserve discount rates, which also lead to more loans (25:00). Bank tellers and bank employees, customers. “Tom” puts his house up for sale. For sale sign. A construction foreman meets with the treasurer at a work site (26:44). A crowd of workers. A photomontage of finance (27:29). End titles (28:24).
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This film is part of the Periscope Film LLC archive, one of the largest historic military, transportation, and aviation stock footage collections in the USA. Entirely film backed, this material is available for licensing in 24p HD, 2k and 4k. For more information visit www.PeriscopeFilm.com
After decades of scratching my head, I finally get the whole concept after watching this film… I think.
WOW does this take me back 35 years when I was a bank teller at a small savings and loan here in town.
Are u familiar with consumer credit transactions?
A lot has changed from these days. If the people in this film only knew.
This was 1967 ,
great thanks
It isn't 1963, but 1967.
1968.
$145 for a surf board in 1963 :O
Actually this documentary is around 1967 or 1968.
Thanks to fiintech, we don't deal with paper cheques. I used a paper cheque only three times in my life.
Unbelievable they even tell you that only 15% of the money is real. " We feel you should turn your property into a government bond. Are you agreeable to this?" "Yes I am." WTF??? A signature is Babel. Your autogragraph is real.
MCMLXVIII is 1968, not from 1963
Exactly.
In the 60's... happy?
Now stfu and enjoy the show 🤦
neato!
Top shelf. A bygone era, when banking WAS BORING. Why? Tax codes, banking regulations.
Indeed.
Things change after the advancement of computers and phone technologies in the 80s, 90s and 00s; the arrival of ATMs, and with the arrival of internet came online banking.
Now banking became interesting as we can do it while at home, during work, or when the bank close after 5 pm or during public holidays.
28 years old never used a check never will
Just heard a Seinfeld riff about how men never like to use checks because it makes it seem like you have no moola.
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@@PeriscopeFilm lol I could see that
MCMLXVIII = 1968
Somebody paid attention in class. 👍
Wow a job requires you to have late model car that you buy with your own money. Lmao
Today that's called Uber or Lyft 😉
It was big hair day at the bank