[Released February 25, 1932. Dated February 24, 1932]
YOU MAY WISH to announce the fact that from the first of the year up to my announcement of your organization and its program the amount of hoarding estimated by the Federal Reserve Board after making allowance for seasonal changes was two hundred ninety five millions and that since that date until February twenty-third there has been a return of sixty millions to circulation likewise after making allowance for seasonal changes.
HERBERT HOOVER
[Col. Frank Knox, Chicago Daily News, Chicago, Ill.]
Note: Mr. Knox released the message in Chicago, Ill.
Herbert Hoover, Message to the Chairman of the Citizens Reconstruction Organization. Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/208326