Word: bank
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Dates: during 1960-1969
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...kind of money?" Where indeed? In his pro career, Boros has won more than $650,000, and his income lately has stabilized at a pleasantly plump, middle-aged level. Last year, in 25 tournaments, he earned $126,785. This year, after 18 tournaments, he has $82,701 in the bank, and professes to be a trifle disappointed that he hasn't won more. "I'm playing better all the time," he explains-adding, a bit incredulously: "I'm actually hitting longer than ever...
Similar programs in other cities have been equally adept in educating on a shoestring basis. Last year, Chicago's Christian Action Ministry, a coalition of local churches, set up its own academy in a .onetime bank on the city's West Side. Granting dropouts freedom to work at their own pace, smoke in class, or enter the educational project even after a pregnancy or a hitch in jail, the C.A.M. Academy has chalked up a better college admittance record than that of Chicago's public high schools. Of the 30 dropouts who were graduated at C.A.M. this...
...Uptown. In most matters of dress, few companies are more conservative than those in finance and insurance. At Chicago's Northern Trust Co., a tradition requiring all officers to wear hats to work has been abandoned, but sport coats remain strictly taboo. San Francisco's Wells Fargo Bank prohibits beards, even though, admits one officer, "our founders wore them." Many secretaries employed in lower Manhattan's financial district live with their parents in Brooklyn, Queens and New Jersey, thus dress with far more restraint than their emancipated counterparts working in the midtown area. "That...
...Late? Last week a top-level American Bankers Association commit tee called for an end to traditional certificates. The committee, composed of bank and stock-exchange officials, announced that by the end of 1969, it hoped to replace all the certificates of actively traded issues with a standard-sized punch card. Every stock or bond issue will have an eight-digit identification number that will be used on all wire communications, transactions, transfers and dividend claims. Standard & Poor's will spend close to $1,000,000 coding some 1,000,000 stocks and bond issues into two directories, each...
...since the beginning of the year because of demand and in spite of higher interest rates, new-home starts slipped in May by 16%, fell even further in June. To make it easier to obtain housing money and thereby induce more people to buy houses, the Federal Home Loan Bank Board last week ordered a change. The board reduced the required liquidity for savings and loan associations from 7% to 61%; this means that S & Ls need keep $600 million less in reserves and will have that much more to lend on homes. The Administration also hopes that the Federal...