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War and Peace: Banking in a Keynesian World
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 The
branch system and the teamwork involved in day-to-day
banking formed bonds between the men of Royal Bank that
extended into the armed forces and overseas. The
Royal Bank Magazine, the staff newsletter, did an
excellent job of keeping enlisted staff in touch with
the bank and with each other. This photo of eight Royal
Bank staff, who somehow gathered together as friends
and colleagues during the final liberation of Belgium
in 1945, illustrates the close bonds and sense of family
that have always existed amongst Royal Bank staff. |
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In 1942, the Canadian government imposed wartime rationing for certain foods and gasoline. After several months of operation, the Ration Administration found their system was too cumbersome and turned to the Canadian banks to set up a system of ration coupon banking through their branch systems. A Canadian Bankers Association committee under the chairmanship of Royal Bank's A.B. Jamieson had a system in place by March 1943. Merchants deposited ration coupons in Canadian banks which in turn issued cheques to the merchants, permitting them to purchase new supplies of rationed items. The staff at Verdun, Quebec branch, sorting ration coupons in 1944. |
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