On this day

May 22, 1934

Revisit the news, notable people, and historical moments connected to this date.

Notable Births

Peter Nero

1934Peter Nero, American pianist and conductor (died 2023)[†]

Peter Nero was an American pianist and pops conductor. He directed the Philly Pops from 1979 to 2013, and earned two Grammy Awards, including the award for Best New Artist in 1962, as well as a total of 8 nominations.

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Headlines from May 22, 1934

BANK PAYOFF PUT IN GUARANTEE BILL DESPITE ROOSEVELT; House Committee Combines Deposit Insurance With Aid to Closed Institutions. LIMITS COST TO A BILLION The Revised Loans-to-Industry Draft Is Also Brought Out for Action Today. BANK PAYOFF PUT IN INSURANCE BILL

By Special to THE NEW YORK TIMES

House Banking com repts favorably bill extending temporary law to apply to deposits up to $5,000, effective July 1; rider attached authorizing RFC to take over assets of banks closed since Dec 31, 1929, at cost not to exceed $1,000,000,000

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