man in the administration's declaration of a "Bank Holiday" which closed every bank in the U.S. until bank examiners could determine which were sound enough to re-open. With "seals of approval" from the examiners, depositors regained confidence, and the vast majority left their money in bank deposits. This preceded the creation of deposit insurance and the Federal Deposit Insurance Corporation with the passage of the Glass-Steagall Act of 1933. Woodin also presided over the Roosevelt Administration's withdrawal from the international monetary conference in London and the decision to take the United States off the international gold standard there. While he was the Secretary of the Treasury, the Administration also began the decision-making process that eventually led to the administration's decision to buy all the gold in private hands in the United States (other than that used by dentists and jewelers) and then to raise the dollar price of gold, devaluing the dollar against gold. Treasury Under Secretary Dean Acheson opposed FDR on the latter two decisions and was forced to resign in November 1933. Woodin was an avid coin collector and when gold was withdrawn from private hands, he made certain that an exception was put in place for "rare or unusual" coins. From 1930 until 1934 he was a trustee of Lafayette College. He died in New York City, New York, and was buried in Pine Grove Cemetery, near his birthplace of Berwick, Pennsylvania. Woodin is the great-grandfather of mathematician W. Hugh Woodin. References 1868 births 1934 deaths 20th-century American politicians People from Berwick, Pennsylvania Columbia School of Engineering and Applied Science alumni United States Secretaries of the Treasury American people in rail transportation American railway entrepreneurs Franklin D. Roosevelt administration cabinet members Lafayette College trustees