Word: bond
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Dates: during 1940-1949
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...grease the ways for this week's record-breaking $4,000,000,000 Federal bond issue,* the Federal Reserve Board cut reserve requirements for the New York City and Chicago banks to 20%. It was the third reduction since August...
...reserve banks in New York City had only $90,000,000 of excess reserves on Sept. 30-a five-year low. The Chicago banks were actually reported to have a small deficit. Obviously this left the banks in no position to underwrite any large part of the biggest bond issue ever, so close to half a billion dollars was added to their free cash by a cut in their requirements. As it becomes necessary to have them buy more Government bonds their reserve requirements can still be cut much lower, possibly to the statutory limit...
...change last week the Treasury Department had good news: September war bond sales hit $838,250,000, 20% above August and big enough to top the Treasury's own quota for the first time. September sales were nearly four times a year ago, pushed post-Pearl Harbor bond sales to more than $7 billion...
...fall Bond and Stamp campaign opens today under an expanded schedule which, the War Service Committee hopes, will better the record turned in last summer when, in nine weeks, Harvard men invested a total of $3495.10 in the war effort...
...know how different Harvard is. But upperclassmen are beginning to recognize that beneath the familiar facade of Lehman Hall and the familiar odor that pervades newly cleaned rooms in the Houses, something has changed. It's not just the odd shapes of double-decker beds, and the war bond thermometer looking down on the Square, although these things are certainly part of the change. It's rather a feeling, growing stronger with every headline, that Harvard's way of life is becoming increasingly incompatible with our effort to defend...