Word: bankes
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Dates: during 1930-1939
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...Federal Land Bank states I am not eligible because I am a "factory"-I cart in raw materials (feed) and cart out the finished produce (eggs). They loan to farms only...
...sign was the stockmarket's third successive week of reaction. Although no slump appeared in production indices- power, building, autos continued up- there was distress in two prime measures of public demand for goods; a rise was seasonally normal and money supply was at a peak, but nationwide bank debits and bank clearings tumbled. If such an unbalance-production rising, demand falling-were to continue, another inventory surplus might ensue...
Most businessmen are known by the company that keeps them. Not so, burly old Amadeo Peter Giannini, the J. P. Morgan of the West Coast. The 495 branches of his Bank of America mirror "old A. P.'s" domineering personality as sharply as the name of his huge bank holding company, Transamerica Corp., mirrors his ambition...
Keeping watch on bank accounting is the specific job of the U. S. Comptroller of the Currency. Until recently, comptroller was bubbling J. F. T. O'Connor, who resigned to run for Governor of California. Mr. O'Connor's successor is Preston Delano, and banking gossip for several weeks has held that there would soon be a tightening of Federal supervision over Banker Giannini's finances. That A. P. himself smelled a mouse became clear last month when he startled the American Bankers Association convention by announcing that he was "fed up with some...
...people A. P. was fed up with was apparent last week: Secretary of the Treasury Henry Morgenthau blandly declared that SEC had consulted him before taking action. But Federal Reserve Chairman Marriner Eccles, also charged with bank supervision, was known to have rushed to Warm Springs to complain to Franklin Roosevelt that the Reserve had not been consulted until two days before SEC cut loose. Here was the sort of division in the enemy's ranks which a great fighter like Amadeo Giannini could not fail to spot. Holding his tongue with difficulty as Transamerica stock broke a hefty...