Word: bankes
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Dates: during 1930-1939
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...begin to pop, Tracy gets a phone call from the Yard ordering him to bring in Miss Cooper, suspected of a jewel robbery. The local military party, whose uniforms resemble those of the Canadian Mounted Police, are also looking for a jewel thief-an English girl who visited a bank vault before the looting started, got away with the "Peralta diamonds." Further and frequently risible sequences: Lieutenant Chavez (Harold Huber) thrice presenting triumphantly to his general what he thinks are the missing diamonds, thrice consigned to a firing squad for his ineptitude; Borrah Minnevitch and his gang of lunatic harmonica...
...assets of between $600,000 and $800,000; in Chicago. Overseer Voliva, who eats Brazil nuts and buttermilk and believes the world is shaped like a soup-plate, has been trying to salvage his Zion Institutions and Industries Inc.-candy bar, cookie and lace factories, cement plant, bakery, bank, department store and publishing house-since 1933. Its assets were 87? in 1907, $10,000,000 in 1927, $6,000,000 in 1932. Subsequently Rev. Voliva tried to reorganize Zion Industries under Section 7/-B, failed, and likewise lost control of Zion City's theocratic municipal government. Last week Federal...
...year-old colt: the 33rd running of the Hopeful Stakes, richest ($31,450 to the winner) race of the Saratoga season; by three lengths over a field of top-notch juveniles; before a closing-day crowd of 20,000; at Saratoga Springs, N. Y. C. Bespectacled Stanley Wooderson. London bank clerk: a special mile race in 4:06.6, breaking the world's record of 4:06.8 set by Kansas' Glenn Cunningham at Princeton in 1934; to become the first Englishman in 55 years to set a new world's record at that distance; at Hotspur Park, London...
...milestone in Federal Reserve history was passed last week. Following the example of the Reserve Banks of Chicago, Atlanta, Minneapolis and Richmond, which cut their rediscount rates from 2% to 1½% (TIME, Aug. 30), the Federal Reserve Bank of New York last week cut its rate from 1½% to 1%. This is the lowest fee for loans to member banks ever posted by any central bank in the world. Sample rates in Europe today: Bank of France and Reichsbank. 4%; Bank of England and Bank of The Netherlands. 2% ; Swiss National Bank, 1½%. Lowest previous rate...
Reasons for the New York Reserve Bank's action were two-to forestall a rise in the current low open market money rates, and, more important, to persuade banks to borrow from the Federal Reserve rather than sell large holdings of Government bonds as they have been doing lately to meet increased demand for commercial loans. As a device to end bond selling the reduction of the discount rate was not immediately successful. Still under pressure, ''Governments" continued to slump as much as half a point...