Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Bill Martin, whose father is president of the Federal Reserve Bank of St. Louis, joined the liberal group of Paul V. Shields. Edward Allen Pierce and John W. Hanes soon after he bought an Exchange seat in 1931, has since lived quietly at Manhattan's Yale Club, studied steadily at the New School for Social Research. When the reform group gained control of the reorganized Exchange this spring. Bill Martin was elected chairman of the board of governors (TIME, May 23). He immediately won a friendly press, made a hit with SEC Chairman William O. Douglas. After considering some...
More than a year ago Ford workmen appeared in Milan, began throwing a dam across the Saline, turning the Milan Garage and an old grist mill into a factory to manufacture ignition coils and to process soybeans for plastics. Into the factory, shaded by trees on the bank of the little lake made by the dam, last week went 30 Milan villagers. It will give employment eventually to some 30 more. They will spend their spare time on their farms growing their own food. They will work with cheap water power and they are expected to work more quickly, more...
...Francisco last week lights blazed brightly all night in the building occupied by Amadeo Peter Giannini's giant Bank of America. The bank's 493 branch managers were telephoning in reports, and statisticians were preparing to issue Bank of America's six-month financial statement. Few days before, six major Los Angeles banks, pleading hard times, cut their maximum interest rates on time and savings deposits from 2% to 1½%, but Mr. Giannini swore up & down he would not cut his. "A. P." did not need to, he boasted, for Bank of America was making...
When the semi-annual report was issued, it supported the board chairman's optimism. In the most successful six months of its history, Bank of America shattered a flock of previous records: capital funds were up $4,963,000 to $112,231,000; deposits totaled $1,357,778,000, $77,058,000 increase over June 30, 1937; total resources were $1,498,527,000, compared with 1938's $1,415,559,000. Half-year earnings of $12,321,000 beat last year's first six months...
Main reason for the Bank of America's glowing report was that since 1935, along with such other big U. S. banks as Manhattan's Manufacturers Trust Co. and National City Bank of New York, it has been in the personal loan business. To date Bank of America has loaned more than $200,000,000 for consumer purchases, more than $124,000,000 on FHA loans. Loans to individuals. Banker Giannini believes, are the best of all credit risks-and personal loans pay 5% to 10%, well above the 1% to 3% conservative investments bring. Hence, Bank...