8 ▁as ▁measured ▁by ▁the ▁S & P ▁ 5 0 0 ▁were ▁equivalent ▁to ▁those ▁suffered ▁in ▁ 1 9 3 1 , ▁over ▁ 5 0 %. ▁Total ▁losses ▁during ▁the ▁Great ▁De pression ▁exceed ed ▁ 8 0 % ▁but ▁that ▁was ▁over ▁a ▁three - year ▁period . ▁ ▁Week ▁of ▁November ▁ 2 3 ▁Late ▁on ▁Sunday , ▁November ▁ 2 3 , ▁a ▁rescue ▁plan ▁for ▁Cit igr oup ▁was ▁agreed ▁by ▁the ▁United ▁States ▁government . ▁In ▁a ▁joint ▁statement ▁by ▁the ▁United ▁States ▁Tre as ury ▁Department , ▁the ▁Federal ▁Reserve ▁and ▁the ▁Federal ▁De pos it ▁In sur ance ▁Cor p ▁it ▁was ▁announced ▁that ▁in ▁exchange ▁for ▁preferred ▁stock ▁val ued ▁at ▁$ 2 7 ▁billion ▁pay ing ▁ 8 % ▁interest , ▁a ▁further ▁$ 2 0 ▁billion ▁would ▁be ▁inv ested ▁into ▁the ▁company ▁and ▁that ▁the ▁government ▁would ▁limit ▁loss ▁on ▁$ 3 0 6 ▁billion ▁in ▁ris ky ▁lo ans ▁and ▁se cur ities ▁to ▁ 2 9 ▁billion ▁dollars ▁plus ▁ 1 0 % ▁of ▁any ▁remaining ▁losses . ▁According ▁to ▁the ▁joint ▁statement , ▁" With ▁these ▁transactions , ▁the ▁U . S . ▁government ▁is ▁taking ▁the ▁actions ▁necessary ▁to ▁strength en ▁the ▁financial ▁system ▁and ▁protect ▁U . S . ▁tax pay ers ▁and ▁the ▁U . S . ▁economy ." ▁ ▁Friday , ▁November ▁ 2 1 ▁and ▁Monday , ▁November ▁ 2 4 ▁marked ▁the ▁Dow ▁Jones ▁Indust rial ▁A verage ' s