Word: lender
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Dates: during 1980-1989
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...Federal Reserve is the "lender of last resort" and will "create the liquidity to save the system." What that means is that Americans, through taxation and inflation, will have to pay to save a group of greedy bankers and irresponsible governments, including...
...bankers' bank. Its powers vary from nation to nation. But whether it be the U.S. Federal Reserve system, the Bank of England or the West German Bundesbank, its official duties usually include issuing banknotes, controlling the money system, supervising the banking industry and acting as a lender of last resort...
...shareholders' equity. Chase Manhattan has loans totaling $2.5 billion to the two countries, 77% of stockholders' equity, and New York's Citicorp, which refuses to confirm the exact figures, has a reported $4 billion, or 85%. On top of that, Citicorp is a very big lender to Brazil, with an estimated $5 billion in total loans. Altogether, the nine largest U.S. banks have loaned out about 130% of their equity to Mexico, Brazil and Argentina. These banks have set aside a total of $3.6 billion in loan-loss reserves, but that amounts to only 12% of their
...comes closest to blaming the Farmers Home Administration (FmHA), the Government lender of last resort. Last spring Fulton asked for $240,000 both to pay off his 1981 debt-his crop had been stunted by a late rain, then sold at desperately low prices-and to cover 1982 planting costs. The local FmHA offered him $55,000. "Farmers Home didn't tell us to get out of business," says his wife Sharon. "They just made it impossible for us to stay...
...bank's loan-portfolio revelations were made first to analysts in New York and a day later to editors in Chicago, but the jet-about effort did little to boost the bank's image as a savvy lender. Continental has set aside a higher than normal loan-loss reserve of $474.6 million, or 1.3% of all loans. But the bank's megabuck borrowers include some of the most troubled credit risks in all of corporate America, Among the loans: $140 million to International Harvester, the deeply troubled Chicago farm-equipment manufacturer; $16 million to bankrupt Braniff Airways...