Word: bankes
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Dates: during 1920-1929
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...President Coolidge appointed John W. Pole of Cleveland to be Comptroller of the Currency, vice Joseph W. Mclntosh resigned. Duties of the Comptroller of the Currency are to supervise application of the banking laws, study reports from U. S. bank examiners. All national banks must report to him periodically. He has power to close banks with shaky resources...
That control of the Bank of Nicaragua be sold to U. S. bankers...
...That the Bank of Nicaragua be authorized to borrow not more than $30,000,000, beginning with a $12,000,000 loan to refund the present external debt and meet other immediate needs...
Appointed. George Leslie Harrison of Manhattan; to be Governor of the Federal Reserve Bank of New York, succeeding the late Benjamin Strong. Mr. Harrison is an alumnus of Yale (1910) and of Harvard Law School. In 1913 he was legal secretary to Justice Oliver Wendell Holmes of the U.S. Supreme Court. In 1914 he was appointed assistant general counsel of the Federal Reserve Board. During the War he served as Captain with the Red Cross. Since 1920 he has been Deputy Governor of the New York Federal Reserve Bank. Said John Pierpont Morgan: "The appointment of Mr. Harrison should meet...
...than any other U. S. group, will form a billion-dollar investment trust to hold their securities. In Manhattan, the mighty Bankers Trust Co. will help finance the holding company. ¶ Alfred Emanuel Smith, vacationing in the South (see p. 9), has agreed to head the $50,000,000 bank now being organized by John Jacob Raskob and many another Manhattan capitalist...