Indiana University will invest $10 million to renovate the IU Natatorium and the Lilly Endowment will match IUâs financial commitments. IUâs investment in the future of the natatorium is emblematic of its commitment to the city of Indianapolis and organizational partners worldwide.
The Reconstruction Finance Corporation (RFC) was a government corporation in the United States that operated between 1932 and 1957 which provided financial support to state and local governments and made loans to banks, railroads, mortgage associations and other businesses.
It was modeled after the War Finance Corporation of World War I. The agency gave $2 billion in aid to state and local governments and made a large number of loans which were nearly all repaid. The RFC was created to solve the problem that the Federal Reserve could not fix by itself since they had some limitations.