Word: bankes
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Dates: during 1930-1939
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...Treasurer's report to the Student Council last night, appeared what accountants describe as a "recurring item." This is the $22.25 figure charged to bad checks, improperly made out and miscellaneous bank charges. The largest part of this item consists of bad checks, stamped either "Not sufficient funds" or "No such person known...
...Expenses Council Office Expenses Total $294.65 Supplies: Printing $151.63 Gen. Supplies 30.00 Carbons 1.75 File Cases 62.99 Phone, buzzer, inst. 10.68 257.05 Secretary 37.60 $294.65 Scholarships 990.00 Class Album 100.00 Charities 425.00 Bank Charges (Bad checks, improperly made out, etc.) 22.25 Phillips Brooks House 2000.00 Savings Account in Cambridge Savings Bank 1000.00 $4831.90 Present Bank Balance (Camb. Trust...
Last week a semi-constructed forest model involving some deer and a semi-constructed model for a bank involving a swarta of armed soldiers scrambling ever a hay barricade at Bunker Bill were placed nearby. When the sculptor went out he unconsciously left some occer grazing in the field in front of the soldiers...
...headline form the news looked bad-not only had bank failures in the last six months of 1937 almost doubled but in that period FDIC's earnings failed for the first time to cover its operating expenses. This did not reflect two important facts, however: 1) for the whole year FDIC earnings exceeded expenses by $1,000,000; 2) FDIC does not consider as earnings the assessments paid by insured banks. Besides its $1,000,000 net earnings on operations it collected $38,800.000 of such assessments in 1937. Last week FDIC's white-shocked Chairman Leo Thomas...
...total assets which FDIC has in hand to wager amount to some $385,000,000, of which about a fifth has come from assessments (one twelfth of 1% per annum of total deposits) on those 13,800 U. S. banks which are now insured. In case of another crisis such as 1933, the FDIC could issue its bonds, notes or debentures to a total in one year of $975,000,000. Thus FDIC has or can raise a maximum of a billion and a quarter dollars as an anchor to windward for some 20 billion in deposits. Whether the anchor...