Word: bankes
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Dates: during 1920-1929
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...agricultural and industrial loans, high rates for loans destined for speculation. To Manhattan came curly-haired Roy Archibald Young, Governor of the Federal Reserve Board, ostensibly on a tour of inspection. But bankers noted his arrival coincided with the issuance of a serious warning by the Federal Reserve Bank of New York. Banks were "overloaned." The discrepancy between deposits and loans was becoming too great...
...chasm still yawned between interest rates on deposits and on call money. Opinions were divided on the possibility of curbing speculation by refusing to lend money on behalf of corporations. The corporations, for example, might lend their money directly, ignoring the banks. Or they might start a bank of their own. There seemed, last week, a number of ways by which the money market might be taken out of the control of the Federal Reserve and of its member banks...
...Last week, Lawyer Frank G. Raichle of Buffalo adopted the extraordinary course of filing suit in Federal Court to restrain the Federal Reserve Bank of New York, from raising the rediscount rate. Cried Lawyer Raichle: "Artificial stringency! Propaganda! Money despotism! Paternalism!" Charged Lawyer Raichle: "The Federal Reserve Bank has been illegally engaged in the arbitrary reduction of business through the fixing of high rediscount rates...
...Banks. Dr. Charles E. Beury, president of Temple University and of the National Bank of North Philadelphia, last week became chairman of the newly-organized Philadelphia Bank and Trust Co. Component parts of the new $23,000,000 bank are: National Bank of North Philadelphia, Oak Lane Trust Co., Queen Lane National Bank, Broad Street National Bank...
...your particular victims, you might work it out this way: Send Miss T - to New York or Chicago or Philadelphia, $300 in her pocketbook. Tell her to pick the name of some reputable citizen from the telephone book, then start an account in her name at a local bank, using the good check as a first deposit. This done, she could go shopping. For each article she buys, she gives a check, double the purchase price, asking for the balance in cash. Cautious department stores do not accept checks without investigation. Credit men telephone the bank, discover Miss...