Word: bank
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Dates: during 1960-1969
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...many "well-intended ideas and plans go astray after a man's death," he said. The foundation has supported everything in town, from the U.S.O. to churches and crippled children. But many times Mott dug into his own pocket for direct aid as well. In 1929, after some bank employees embezzled $3,600,000, Mott shelled out enough money to save the bank; it cost him more than $1,000,000 in co!d cash. In later years he donated millions of dollars for library buildings, the Flint Junior College, a swimming pool and a school for handicapped children...
Specifically, he objected to the Alianza's taking credit for aid under U.S. Public Law 480, which allows the sale of surplus food for soft local currency, and for the operations of the Export-Import Bank, which has in fact been less active lately. He accused the U.S. Congress of lopping 40% from what he considered a Kennedy promise of $1 billion-worth of aid in Latin America in 1962-when all that Kennedy actually requested was $600 million. And he found a "lack of coordination among U.S. organizations designed to finance the Alianza, and lack of a central...
...year (taxfree) head of the International Monetary Fund, everyone seemed in favor of the idea-except Schweitzer himself. An unassuming and dedicated French senior civil servant, Schweitzer was reluctant to leave his post as No. 3 man (with a chance for the top job eventually) in the Bank of France, did not like the idea of moving his wife and son from Paris to Washington. Word went out that he had been Jacobsson's own personal choice, and as the pressures mounted, Schweitzer finally gave in. Last week he was officially named the new watchdog of the world...
Borrow by Night. Bankers' hours are gradually becoming customers' hours; many banks now stay open as late as 6 p.m. on weekdays, and even open their doors on weekends. This week San Francisco's Golden Gate National Bank will shatter tradition by opening a downtown branch that will do business from 10 a.m. to 9 p.m. on weekdays and to 5 p.m. on Saturdays. Particularly for people who work at night and cannot get to the bank without disturbing daytime sleep, Manhattan's First National City Bank is pushing a "Dial-a-Loan" service, in which...
Like the District of Columbia's National, many banks now waive service charges to win customers, figuring that the money they made on service will be more than equalled by new business. To win the community's approval, scores of banks have set up free community rooms for Boy Scout and P.T.A. meetings. Some also act as ticket brokers for plays or ball games; the Bank of Indiana in Gary books plane and hotel reservations anywhere in the world for its customers, has outdoor "walkup windows" to serve them. New York's Manufacturers Hanover Trust...