Word: bank
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Dates: during 1960-1969
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Died. Sir Charles Jocelyn Hambro, 65, chairman of London's Hambros Bank Ltd., largest commercial bank in Europe, organizer of a 1941 parachute raid on laboratories carrying out Nazi nuclear experiments in Norway, wartime courier of secrets between British and American atomic scientists developing the atom bomb, and head of British underground operations in occupied Europe, for which he was knighted; following a hemorrhage; in London...
...preach about corneal transplants as a way "to live on usefully after death." Willard Gilliland, a solid, civic-minded man (he was safety and security director for Aluminum Co. of America) talked it over with his wife and elder children. They agreed to donate their corneas to the Eye Bank of Pittsburgh...
...when Nancy's injured eye reminded Mrs. Gilliland of their pact, eleven hours had passed since the accident. Was it too late? June Gilliland sent her mother to phone the Pittsburgh Eye Bank from the hospital lobby. There was another call to the undertaker. Within 20 minutes, an eye bank officer arrived with forms for Mrs. Gilliland to sign. In another half-hour, the corneas were removed...
...trouble finding enough borrowers to put it to work. S & L spokesmen will go to washington 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...
...right to make loans on apartment as well as houses. Now they want power to finance a whole "home-loan package" that will include financing furniture, appliances, municiple bonds and even college tuitions. They are also pushing a move to win federal sponsorship of an International Home Loan Bank that would provide seed money (furnished by S & Ls ) to start savings and loan associations in Latin America. The S & Ls' aggressive push to expand their horizons is sure to create a battle with commercial banks, whose "friendly bankers" are now making a harder pitch than ever to attract...