Word: banke
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Dates: during 1960-1969
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...Under Secretary for Monetary Affairs. Even that year, Johnson might well have persuaded Congress to enact more taxes. Instead, the Administration devised packages of restrictions limiting the uses to which American citizens could put their dollars abroad. First came a tightening of President Kennedy's "voluntary" restraints against bank lending and corporate investment; finally, last January, came outright controls on capital and a controversial plan to tax tourist travel...
...weighed heavily on the dele gates from 45 nations who created day's monetary system during three summer weeks of 1944 in the forest-cupped resort town of Bretton Woods, N.H. Out of their deliberations came the Washington-based International Monetary Fund and its sister agency, the World Bank (now headed by Rob ert Strange McNamara), which makes loans to underdeveloped countries. Bretton Woods' key decision was to stick with gold as the primary international monetary asset. In vain, Britain's John Maynard Keynes argued for creation of a new international money to sup plant gold...
...direct result of the gold emergency, the Federal Reserve Board has already raised the discount rate-the interest that Federal Reserve banks charge member banks to borrow money-from 4½% to 5%. That increase will make loans less avail able-and more expensive. Very shortly, people seeking a bank loan for a car, a trip or a color TV set will probably find that it is costing them more in interest than it would have last week; those with less than gilt-edged credit ratings may find it impossible to borrow from a bank. The same principle applies...
...loot of the title is stolen money. Two homosexual pals, not immune to heterosexual byplay, have robbed a bank adjacent to a funeral parlor. One of the young men (James Hunter) works at the funeral parlor, and the mother of the other (Kenneth Cranham) has just died. The duo plan to skedaddle with the loot while the funeral is going on. At the same time, the dead mother's cynically efficient nurse (Carole Shelley), a sevenfold murderess of previous husbands, is precipitously wooing the bereaved widower. Into this den of agitated vipers steps Truscott (George Rose) of Scotland Yard...
...Boston headquarters of the Unitarian Universalist Association has used computerized bookkeeping for years, and is about to hook up with a larger computer bank in Manhattan for additional service. With its new facilities the church will study members' views on a wide range of questions, from sex to the hereafter...