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...after Labor Day to try to persuade Congress to broaden their lending powers, an aim for which they already have the enthusiastic backing of Chairman Joseph Patrick McMurray of the Federal Home Loan Bank Board, Set up by Congress in 1932 to provide emergency credit for S & Ls, the three-man board requires member banks to maintain reserves equal to 7% of their savings accounts, but lacks the flexible control over interest rates and reserve levels that makes the Federal Reserve Board such a potent force in the economy...

Author: /time Magazine | Title: U.S. Business: The Twelvefold Increase | 8/30/1963 | See Source »

April. After negotiations stall again, the railroads declare they will put the work-rule provisions into effect as of April 8. President Kennedy delays the deadline by appointing a three-man emergency board, headed by ex-Judge Samuel Rosenman...

Author: /time Magazine | Title: Time Table: Jul. 19, 1963 | 7/19/1963 | See Source »

...capital for a tour of the Bureau of Engraving and Printing to learn the limitations of the department's presses. They submitted a total of 14 entries, all designs intended to put the abstract theme of science in accurate and artistic context. To Winner Frasconi, chosen by a three-man committee after four hours of deliberation, goes not only an additional $500 but also the distinction of seeing his work reprinted 120 million times next fall; for a man best known as a printmaker, with editions limited to 40 or 50, this may be a unique ordeal...

Author: /time Magazine | Title: Art: Stamp Act | 5/17/1963 | See Source »

...final decision on the sale of the Bennett St. yards rests with the three-man MTA Board of Trustees. The state Senate is currently studying a bill that would replace two members of the Board--one of whom is known to be hostile to Harvard--with two men chosen by Gov. Peabody and the MTA Advisory Board...

Author: By Bruce L. Paisner, | Title: Authority Announces New MTA Yard Bids | 4/23/1963 | See Source »

After sitting on the three-man U.N. committee that negotiated the Korean ceasefire, Pearson in 1952 was elected U.N. Assembly President. For his unruffled performance. Pearson was nominated by Denmark, with Britain and France, to succeed Lie as Secretary-General, once again was vetoed by the Russians. The job went to Dag Hammarskjold. In 1955 Pearson took off for Moscow at the invitation of Soviet Foreign Minister V. M. Molotov-something that no NATO Foreign Minister before him in the tense 1950s had done. Pearson talked trade with the Russians, "did my best to disabuse them of some of their...

Author: /time Magazine | Title: Canada: A New Leader | 4/19/1963 | See Source »

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