Word: banke
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Dates: during 1960-1969
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Agnew added that the decision to deposit county funds in the Chesapeake National Bank had been made not by himself but by the county director of finance, a Democratic appointee. The state does keep a relatively small amount of funds in Chesapeake National-and in perhaps 100 other banks-but the account was put there before he became Governor. Worst part of the Times's performance, from Agnew's viewpoint, was its questioning of how he had acquired some shares in the bank. According to the paper, Agnew claimed he had inherited the shares from his father, though...
...They work as construction hands, substitute for men in manpower-short professions, own or run most of the capital's jewelry, clothing and tailoring shops, its restaurants and bars and some of its largest businesses. Nguyen Duy Thu Luong, for example, owns pharmaceutical laboratories, directs the Nam Do bank and runs the Park Hotel, where U.S. military briefings are held. Huynh Thi Nga, 25, runs the family-owned Saigon Motors, and is an expert mechanic...
...loophole lies in the 1956 Bank Holding Company Act, which prohibits corporations controlling more than 25% of two or more banks from engaging in anything but banking. The law does not cover companies owning only one bank. Today's trend, therefore, is for a commercial bank to reorganize itself as a "one-bank holding company," with the bank becoming a subsidiary. Bank stockholders simply swap their shares for those of the new parent firm...
Within the past year and a half, 48 banks with a combined $69.6 billion in deposits have proposed or actually formed one-bank holding companies in 21 states. Among the 48 are many of the nation's largest banks: San Fran cisco's Bank of America, Crocker-Citizens and Wells Fargo, Pittsburgh's National Bank, Philadelphia's First Penn sylvania Banking and Trust Co. and Winston-Salem's Wachovia Bank and Trust Co. A few days ago, Manhattan's Chemical Bank New York Trust Co. joined the group...
...decision-making process of their government. I have proposed creation of an Office of Youth Participation in the Executive Office of the President so that the ideas and talents of the young can be brought directly into the highest councils of government. In addition, a Youth Talent Bank must be established to recruit young people for public service and place them in positions early in their careers where they can affect government action...