Word: banke
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Dates: during 1940-1949
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...Worry. Farmer Orr could afford to be cautious. As spring came, Tipton's banks bulged with the accumulated prosperity of seven fat years. The county's 14,000 citizens had socked away $10 million in Government bonds during the war, "and it's still back there in those lockboxes, at least $8 or $9 million of it," said Russell Martin, president of Tipton's largest bank. Many mortgages had been paid off in full; the per capita debt was the lowest in 25 years...
Charley Gray, who grew up in a small town which hears a striking similarity to Newburyport, Massachusetts, is a junior executive in a staid old New York bank. During a critical week in his life, when the turning-point of his career in the shape of a possible vice-presidency looms ahead, a chain of circumstances leads him mentally and physically back to his home town. Most of the book is a long flashback describing Charley Gray's childhood and youth...
...Hoover Commission also recommended that the Treasury get control of three credit agencies, now independent: the Reconstruction Finance Corp., the Federal Deposit Insurance Corp. and the Export-Import Bank. To coordinate the 30 other U.S. lending agencies, and to advise the President on money matters, it suggested the setting up of a National Monetary and Credit Council...
...members. At the same time, the board would be given more monetary and fiscal influence by getting exclusively the important job of buying & selling U.S. bonds to stabilize the market. This job is now done by the powerful Federal Open Market Committee, five of whose twelve members are Reserve Bank presidents elected by commercial bankers. The board would also be represented on the new Monetary Council...
...Deposit Only. In Denmark, Wis., Bank President George de Broux, whose bank had been held up, insisted that his burglar-alarm system worked fine; the only trouble was that the guard's rifle ammunition was locked in a safe...