Word: discounted
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Dates: during 1950-1959
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...been ordered by Republican Governor William F. Quinn to investigate the scandal. And Senate Watchdog Duarte himself accounted for one of the rugs; it had, he said, been mistakenly shipped to his home on the island of Maui, along with 852 Ibs. of office furnishings he had purchased at discount rates from a firm renting equipment to the senate. Still missing: $10,000 worth of souvenirs from the last session of Hawaii's territorial legislature...
Worried that the new boom would sweep in more inflation, the Federal Reserve Board last week took an expected step. It approved a hike in the discount rate on loans to commercial banks from 3% to 3½% for five member banks: New York, Chicago, St. Louis, Minneapolis and Dallas. The new discount rate is the highest since the fall of 1957, is bound to restrict even further the tightening money market. The Federal National Mortgage Association braced itself for tighter money by reducing the price it will pay for Government underwritten mortgages from 99% to 97% of face value...
...Italian Painter Pinot Gallizio, 57, did a booming business by snipping his 10-and 20-yard canvases into appropriate lengths. Customers were free to choose according to their needs and pocketbooks; "normal quality" sold for $25 per yd., "more profound quality" for $60 per yd. Leftovers went at a discount...
...York banks hiked their prime interest from 4% to 41%, equal to the prerecession level. The boost reflected heavier demands for bank loans by both business and consumers, also brought loan rates into line with yields on bonds. Most bankers now expect that the Federal Reserve will raise the discount rate from its current 3%. As interest rates climb, they will drive down farther a market already at a historic...
...Penrose Hallowell '32, temporary chairman of the Advisory Committee, announced plans for improving liaison with outlying areas, for instituting subscription and discount setups, and for achieving a minimum goal of 5,000 memberships by October...