Under his leadership the deposits of the bank grew from $6,000,000 to $100,000,000.
The President's plan predicted that deposits would grow at about a 7 percent rate, or $70 billion a year.
"The bank didn't know how fast the deposits would grow," he said.
Consumer loan demand is up and deposits are "growing very rapidly."
During the first quarter of 2000 deposits grew only about 6 percent from the prior year.
As the deposits grew, so did the competition among the "banks"; by late 1996, several were advertising returns of 40 percent per month.
"As our deposits grew, our bank came round but still they didn't seem to know how to help us."
The deposit grew to 9 1/2 inches before it stopped; it did not affect his ability to run.
Total deposits grew five times between 1935 and 1940 and reached prewar levels.
The bank's deposits grew at an explosive rate from £8m in 1891 to £67m by 1908.