Word: depositor
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
That was all. But when any depositor says such a thing to his banker, he means that he is thinking of taking his money somewhere else. Could Wall Street stand, last week, to lose $600,000,000? In Europe, especially in Berlin, editors took the line that "Wall Street must yield to the Bank of France" (i. e. must persuade the French to leave their deposits in Manhattan by offering higher interest...
Their danders up, some of Manhattan's biggest bankers let newshawks know that Depositor France could withdraw her gold and welcome (i. e. and be damned). Straightway two things significantly did not happen : the Bank of France and other European interests with large balances in Wall Street not only made no large withdrawals but drew less U. S. gold by earmark and shipment last week than for any similar period during the month ; secondly, Manhattan banks did not up their interest rate but continued to pay only 1½% to the Bank of France which continued to take...
...move was a frank, concerted effort to restore depositor confidence in New York banks, and to prevent further withdrawal of deposits. It was designed as the solution of a problem about which State Superintendent of Banks Joseph Broderick, Governor George Leslie Harrison of the New York Federal Reserve Bank. Chairman Mortimer Norton Buckner of the New York Clearing House Committee and Governor Franklin Delano Roosevelt of the State have talked long, often and seriously. The conversations have extended to 22 great banks, including Speyer & Co. and J. P. Morgan & Co. The conversations ended with promises of a million dollars from...
Head of a bank that had felt depositor timidity to the extent of over $100,000,000. Mr. Gibson has been interested vitally in improving depositors' courage. While other bankers have held aloof from the efforts of Bank Superintendent Broderick, Mr. Gibson has listened to his problems, given him his aid. Significance of last week's consortium was that the banking fraternity had decided they were all concerned with depositors' courage and that Banker Gibson was on the right track to do something constructive about it. When the banks were ready Superintendent Broderick, already dealing with...
...Bank showed an increase in Austrian note circulation of 16% in one week and the discounted bills had increased by some $30,000,000. These emergency measures were taken, admittedly, as a stop-gap means of saving Kreditanstalt until permanent measures could be taken. Day after desperate day frightened depositors swarmed around the threatened institution, talked earnestly with each other and with officials who worked overtime reassuring the public. Every depositor who refused to be reassured got his money, but the currency of Austria had to be inflated to keep Kreditanstalt open and paying...