The Reconstruction Finance Corporation is a government corporation in the US by Eugene Meyer a Federal Reserve Board Governor during the governance of President Hoover. It was applied last 1932 and allowed loans for everyone who would meet the requirements.
The responsibility of the Federal reserve is to provide loans. However, RFC ended after WW2 during President Eisenhower's term. On the other hand, President Roosevelt benefited from its operation when it allowed loans in agriculture and housing.
