Word: banke
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Dates: during 1940-1949
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Amid the cheers of bankers and brokers, Harry Truman abruptly demoted Marriner Eccles from the chairmanship of the Federal Reserve Board last week. In the place of old New Dealer Eccles, the President put Thomas McCabe, chairman of the Philadelphia Federal Reserve Bank, president of Scott Paper Co. (tissues). In politics, McCabe is a Republican...
Yesterday's development came when police sought to examine the unidentified man's safe deposit box in a Newton bank. Armed with a search warrant, a squad, made up of Cambridge, Newton, and State police, drilled open the box when its owner claimed that he had lost...
...took two hours to count the $8,000 in the presence of bank officials, and when this process was over, the police squad found that the suspect had disappeared...
Into the Black. The World Bank, which had lost money since it opened two years ago, finally climbed into the black. In the final quarter of 1947, the bank reported, income exceeded expenses by $1,317,610. The bank hoped to make up all past deficits by the end of March...
Back Down. By this week ERP's supporters could point to two other forward steps. Treasury Secretary John Snyder agreed to a new census of foreign bank deposits in the U.S. The names of depositors would be turned over to their own governments, who could use the funds for purchases in the U.S. Estimated take: $300 to $400 million...