Corcoran served as special counsel to the Reconstruction Finance Corporation (RFC) from 1934 to 1941. During the same period, he was liaison to Henry Morgenthau, and represented him at RFC board of directors.
From 1934 to 1941, Corcoran served as special counsel for the Reconstruction Finance Corporation (RFC). He also worked closely with Henry Morgenthau, acting as his representative on the RFC's board of directors.