Word: deposits
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Agnew added that the decision to deposit county funds in the Chesapeake National Bank had been made not by himself but by the county director of finance, a Democratic appointee. The state does keep a relatively small amount of funds in Chesapeake National-and in perhaps 100 other banks-but the account was put there before he became Governor. Worst part of the Times's performance, from Agnew's viewpoint, was its questioning of how he had acquired some shares in the bank. According to the paper, Agnew claimed he had inherited the shares from his father, though...
...million data-processing complex that is to be the heart of one of the most fully automated banking systems in the world. Called Giro-the word comes from the Greek gyros, meaning circle-the system will circulate funds within the country's huge post-office network. With a deposit of $12, anyone will be able to open a Giro account. An account holder can leave standing instructions to have his regular bills rent or mortgage installments, telephone and electric bills-paid automatically out of his account. If the recipient also has a Giro account, the computer will simply credit...
...defection from Russia seven years ago, but that didn't stop Uncle Sam from clamping a claim on him. According to the Internal Revenue Service, the practically peerless dancer owes $30,642.70 in back taxes for 1963. Rudi says he used his New York City bank account to deposit funds from all over the world, not necessarily money earned in the U.S. The taxmen haven't been much impressed, so Rudi is trying a new step. He says IRS overcharged him in social security deductions. And he wants $213 back...
When a U.S. bank wants to raise cash, it can sell some Treasury bonds, issue certificates of deposit, or repatriate Eurodollars from its branches overseas. If it is a member of the Federal Reserve System, it can also appeal to "the lender of last resort"-the system's discount window. The price is high. Besides paying interest, currently 51%, the bank must submit to scrutiny that is even closer than usual. As a result, only 1% of credit extended to the banks has been passing through the Fed's discount window in recent years...
Lately the inflow of bank savings deposits has slackened as well, causing widespread fears that depositors will soon begin taking their rainy-day funds out of institutions to put them into higher-paying bonds and other securities. The banks are unable to raise their bid for savings: almost all of them are al ready paying as much interest as authorities allow (61% for example, for large-sized six to twelve month certificates of deposit in New York...