Word: memos
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Heimann showed him an internal memo written by a Manufacturers Hanover loan officer on the day his loan was approved. According to Lance, the memo referred to a "hoped-for correspondent relationship" with NBG and an NBG deposit that would be "expressed as a percentage" of the loan to him. Within a few weeks the NBG indeed shifted its correspondent account in New York from Citibank to Manufacturers Hanover, depositing $250,000; later the deposit totaled as much as $ 1.5 million...
Lance said that the transactions were not connected, that he knew nothing of the memo before last week, that his loan carried an interest rate of one-half percent above the prime rate and was backed by considerable collateral. "No commitment nor discussion of any balance requirement was made between me and the bank," he insisted. Last month Lance offered similar denials concerning a $3.4 million personal loan from another bank -Chicago's First National-that received a deposit from...
...Taylor will follow the Lake Placid season with a six-week Latin American tour. Beyond that, he plans to go on quietly creating new works for his dancers. A shy, unflamboyant man, he does not fly into rages when rehearsals go badly. But once he did get off a memo that has been quoted ever since. Unable to pin down what was wrong, he did what he usually does: he made something up-in this case the word zunch. "Zunch is the magic that stays with the watchers after we are done. Zunch is opening up. Turning the burner...
...DISCRIMINATION. The petition lists by name 50 people who have been demoted or fired from their jobs because of strong Christian convictions. A secret memo recently went to factory foremen ordering a purge of Evangelicals from key jobs, the petition says...
...story of a freshman who fell four floors off the fire-escape of Grays, in the Yard. She is alive and well, needless to say, but will probably deny that the incident ever occurred. Do not let her fool you. After her accident, the proctors issued a memo to all Yard freshmen. The memo did not say "Do not sit on fire-escapes--; rather, it entreatied the Yard freshmen not to fall off the fire-escapes. The plunger ought to be proud, not ashamed, as she has instituted a major change in the University's housing policy...