Word: banke
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Dates: during 1940-1949
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...organ Dupré was playing last week in Chicago suited him to a T. It was a little bigger than the earth-shaking organ at St. Sulpice on Paris' Left Bank, which he has played on & off for the past 42 years and considers the world's best. But Chicago's is still a runt-only four manuals and 126 stops-compared to Manhattan's Radio City Music Hall monster, which has ten manuals and 364 stops, including a bass drum, glockenspiel, Chinese gong, xylophone, a grand piano, harp and two bird whistles...
...shadow grew across the West, Amadeo Peter Giannini's vast (516 branches) Bank of America has been the target for assorted stones from many a sling. For two years the Department of Justice's Antitrust Division investigated; off & on for eight years the Securities & Exchange Commission let fly, with everything from pebbles to paving blocks. Every shot bounced off the tough hide of old (78), imperious "A.P." Last week Bank of America reported record resources of $5,859,234,000, putting it farther out in front than ever as the biggest U.S. bank...
...recent weeks a small army of Federal Reserve Board agents has been reconnoitering deep in the territory of Bank of America and Giannini's holding company, Transamerica Corp. (which also controls 40 smaller banks, owns stock in dozens of industrial and insurance companies). Guided by their reports, FRB last week swung its sling. Under a section of the Clayton Antitrust Act that has never been used before, it quietly issued a stern order to Transamerica: show cause why FRB should not order it to end certain "monopolistic" practices. (Transamerica must answer the charges at a closed hearing in November...
...Next in size, according to their latest (first quarter) reports: Manhattan's National City Bank, with resources of $4,850,380,620; Chase National Bank, with...
Down the Middle. Manhattan's National City Bank warned that inflation was hurting the "middle class" to the point of undermining its "social and civic responsibility" and "creating the seeds of depression." Taking 1930 living standards as 100, the bank reckoned that the average coal miner was now up to 191, the auto worker to 132, the teacher to 109, while the small stockholder was down to 79, the rail executive to 78, the pensioner to 65, the wealthy stockholder...