Word: deposits
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Dates: during 1960-1969
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...unsecured promissory notes. Belatedly, the Reserve Board plugged that loophole by placing an interest-rate ceiling on commercial paper. Now, big Manhattan banks have found still another gap in the Federal Reserve's regulations. To raise funds for domestic loans, they have begun selling large-denomination certificates of deposit to foreign central banks, which have plenty of U.S. dollars...
...rate is an increasingly unreliable guide to borrowing costs anyway. Growing numbers of borrowers pay as much as 10.6% interest on loans officially made at the prime rate, because banks are strictly enforcing a rule that the borrower must leave 20% of the face amount of his loan on deposit as a "compensating balance...
Chris Wilmot, sophomore center fullback, was injuried in the Tufts game last week when he intercepted a misguided Jumbo kick. A calcium deposit has developed on Wilmot's ankle and he will be out of action at least until next week's Columbia game...
...what banks fail in Texas, as long as the Federal Deposit Insurance Corporation protects us? That would be a fitting refrain these days in the Lone Star State, where five small, state-chartered banks have collapsed since April.* Their fatal maladies were, variously, loose lending policies, lax management, land speculation, declining rural communities and, in one instance, alleged embezzlement. Perhaps it only reflects the new permissive attitude of the times, but Texas depositors have taken the closings with carefree jollity. Says Robbie Ferguson Jr., cashier and vice president of the failed Big Lake State Bank: "At first...
Annual interest rates on Eurodollars have fallen to 11 % from a peak of 13% , which was reached for a day or two in the second quarter. U.S. banks had been borrowing huge quantities of such dollars on deposit in Europe in order to meet their loan commitments at home. Lately the banks' appetite for such deals has been declining. Of more immediate interest to consumers, mortgage interest rates have declined ever so slightly. Mortgages auctioned off to private investors last week by the Federal National Mortgage Association brought an average yield of 7.8%, down from a peak...