Word: banke
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Dates: during 1960-1969
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...scant fraction of the agency's 15,000-odd employees actually go out into the cold. At Langley's elaborate seventh-floor operations center, a bank of high-speed (100 words per minute) printers receive top-secret traffic from the National Security Agency, diplomatic reports from embassies overseas, information from the Pentagon's Defense Intelligence Agency, as well as data from CIA men around the world. In Helms's office, there are "secure" red, grey, blue or white direct-line phones with scramblers attached-on which the President often calls...
...underground shopping arcades, sunken plaza, theaters, television studios, 25 restaurants, 70 retail stores and 50,000 daytime inhabitants of 16 slab-sided office buildings, it remains the quintessence of skyscraper civilization. Last week a combine including two Rockefeller brothers -President David of New York City's Chase Manhattan Bank and Governor Winthrop of Arkansas-brought forth plans to build a similar, if smaller, office-hotel-and-cultural complex a continent away, close to the downtown San Francisco waterfront...
...NETHERLANDS. Because of sharp inflation and a mounting balance-of-payments deficit, the central bank has introduced hardfisted monetary policies. The result: the economy is cooling off considerably. Responding to the slowdown, local governments have started putting unemployed Dutchmen to work on public projects...
That is just how Chase Manhattan saw the trend. "Normally, there is a marked increase in bank loans in December," says Executive Vice President George A. Roeder Jr., "and a marked decrease in January. The December increase did not materialize." Meeting that portentous January day, Chase Manhattan's top officers also noted that interest rates had slipped as much as one percentage point from their 1966 peaks. High-grade corporate bond yields were down from 5.56% to 5%, municipal bonds from 4.26% to 3.50% and 91-day Treasury bills from 5.74% to 4.40%. the slide continued last week. Several...
Expanding Credit. How the prime-rate battle ends depends more than anything else on the Federal Reserve Board. With the economy cooling off, the board allowed bank credit to expand at an annual rate of 9% during December. Preliminary estimates last week put the January expansion at about 15%. With that, Wall Street analysts figured that the board's next move might even be a cut in bank-reserve requirements-which would spread an easing of credit across the nation...