Word: bankes
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Dates: during 1920-1929
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...Lady of Threadneedle Street." Since 1694 written records have been preserved of her spinsterhood. Now at last an old servant, one W. Marston Acres, long in her employ, is to write her biography. Last week the august Court of Directors of the Bank of England commissioned him to "compile a story particularly stressing the points of human interest in the history of the world's most famous bank...
Having dealt for a moment in "human interest," the Council returned to arithmetic. To the surprise of English and American financiers, the Bank of England cut its discount rate from 4½% to 4%, the lowest that has been in force since the middle of 1923 (see BUSINESS...
...exchange is now well below the point which calls for an export of gold from London to New York. It is expected that Britannia will draw upon credits of $100,000,000 and $200,000,000 respectively, at her disposal with J. P. Morgan & Co. and the Federal Reserve Bank, to avoid an actual gold shipment...
...just as this development induced the speculative crowd to fear an advance in Federal Reserve rates, news from London announced a cut in the Bank of England rate from 4%% to 4%. The rates of the Reserve Bank of New York and the Bank of England are made cooperatively in order that the British rate may always be slightly higher and thus avoid heavy gold exports to this country. New York Reserve rate is now 3%%, and a rise to 4% would consequently threaten the British gold supply and the sterling gold standard...
Officers. Bank underlings who tug valiantly at their bootstraps throughout the land were again encouraged by the Association's annual bow in their direction.-For President of the A. B. A. was chosen the noted Alabama banker, Oscar Wells, President of the First National Bank of Birmingham. Born in a lopsided Missouri log cabin, Mr. Wells had tilled the soil, attended an obscure college, and risen from the springboard of his uncle's bank to be first Governor of the Federal Reserve Bank of Dallas, Tex. He is rubicund yet determined; his rise has not been too meteoric...