Word: bankes
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Dates: during 1920-1929
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...stabilization loan of $105,000,000 will be floated as a result of legislation passed, last week in Bucharest, by the Rumanian Chamber of Deputies. Behind this transaction stand the central banks of 14 nations.* Their joint representative in Rumania will be a Frenchman, suave Charles Rist. Last week M. Rist resigned as a Deputy Governor of the Bank of France, hopped a train for Bucharest. There he will assist the new Peasant Government of Rumania (TIME, Nov. 19) to place the leu on an absolute gold basis at its present rate of exchange, 167.18 lei to the dollar...
...will be distributed as follows: For stabilization purposes the Treasury will administer a revolving fund of $25,000,000, and a reserve fund of $20,000,000. The Rumanian National Bank will receive...
During the past several weeks Prince Barbu Stirby's chauffeur has been cashing at the Bank Generale, in Bucharest, large checks drawn against the Royal Exchequer, in virtue of His Highness' former authority as Keeper of the Privy Purse. Officials of the Bank Generale all know that the Prince has ceased to hold that office. Yet the chief teller paid the checks on sight, paid...
Eventually last week a director of the Bank Generale remarked casually to Prince Barbu Stirby upon his recent large drafts on the Privy Purse. "But I have signed no such checks!" exclaimed His Highness, "I could not! Surely you know that I am no longer Keeper of the Privy Purse...
Coincident with the Reserve Board's statement came the announcement that the Bank of England had raised its rediscount rate from 4½% to 5½%. With the New York rate at 5% the effect of this change will be to decrease the flow of gold from England...