Word: borrowers
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Like a doctor who finds a patient in good health but warns him against his tendency to overeat, some of the nation's economists have concluded that U.S. industry would be wise to curb its boundless appetite. The Federal Reserve Board, noting that business borrowings for expansion are heavier than they have been since 1953, decided the time had come to apply a mild brake before the boom gets out of hand. The brake: a boost in the rediscount rate from 1½ to 1¾ Since this is the rate at which member banks borrow from the Federal...
...those tender days, Pat recalled, Mickey took her to dinner at his mother's, gave her a ring and told her to stick around until May, when his brother would inherit some money, and he could borrow $20,000. "Then," Pat testified, "he said we could be married, and his wife would not have to live in an unbecoming style." But Pat wanted to get married right away, and suggested that they both get jobs and live "even in a cold-water flat." Mickey was horrified. "I couldn't allow my wife to live that way," he said...
...gross U.S. national product has increased even faster-by 68%- and consumers' liquid savings are estimated at $525 billion, considerably more than their debts. Thus, most Government economists feel that the current credit market is merely expanding with the U.S. economy. Moreover, the reason for borrowing has changed. Once people borrowed chiefly because they needed money for necessities. But today consumers with good jobs and good prospects borrow because they feel that they can carry more debt, want to expand their scale of living...
REDISCOUNT RATE, at which banks borrow from the Federal Reserve, may be nudged higher in the near future to tighten up credit all around, block any new inflation. The FRB's flexible-money policy, which switched from one of "active ease'' to "ease" last fall, is now described as "light restraint." Officials are moving cautiously, and the rediscount rate is not likely to go up by more than one-eighth of one percent from the present...
...March crack down is not borrow, the first time the University has disciplined students for parking misdemeanors, Leighton pointed...