Word: banke
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Dates: during 1960-1969
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...undermined the dollar as well. It was clear to the Americans that they had to act just as resolutely in defense of the pound as they had to follow Brit ain's rate rise. Said Treasury Under Secretary Robert Roosa: "It's like a run on a bank: if you roll the money truck in the door, the depositors who planned to withdraw will go away." The rescue that followed was the most dar ing ever tried...
Working with Bank of England Gover nor Lord Cromer and his British col leagues, the Americans got onto tele phone lines stretching around the world...
...York Federal Reserve Bank, Vice President Charles Coombs and his aides worked through the night, some of them taking off a few hours to nap in "hotbeds" kept at the office for such emergencies; coordinating their efforts, Bank President Alfred Hayes was on the job before dawn, when European offices began to open. In Washington, Martin and Roosa each made pitches to half a dozen bankers overseas. It was, in fact, Roosa's swan song in Government after a distinguished four-year career; at week's end, in accordance with a previous plan, he submitted his resig nation...
...large corporations-General Electric, General Motors, Chase Manhattan Bank-enforce written rules against receiving gifts. Other companies suggest that presents be passed on to the Salvation Army or a similar charity, and some just send them back unopened. But throughout U.S. business, executive Santas-and happy recipients -are still more common than not. The main concession to the gift-giving uproar of a few years back is that many more gifts are quietly routed to homes instead of to offices...
...assets are $75 million. In West Pakistan, Adamjee's two brothers have constructed a $6.3 million cotton mill, a $5.2 million paperboard mill and a chemical factory. A family holding company, Adamjee Sons, Ltd., established and owns Pakistan's second-largest insurance company and a major bank with 120 branch offices...