Word: branched
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Dates: during 1980-1989
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...Tuesday afternoon the New York branch of the Federal Reserve called to gether the chairmen of New York City's ten largest banks to discuss the possible repercussions of Chase's refusal to make the interest payment. Officials were very fearful that if Chase persisted, some securities firms might find themselves in a cash squeeze. After the session, the Feder al Reserve issued a statement saying that it "stood ready as a lender of last resort" to help any commercial banks temporarily short of cash. It was the first time since the mini-financial panic following...
Rubinstein and David Pearl, chief of the behavioral sciences research branch of NIMH and the project's director, stress that cleaning up TV cannot be achieved by Government regulation. Says Rubinstein: "We are not advocates of Government control or any constraints on the First Amendment." Adds Pearl: "Viewers will be interested in watching programs with less violence. The television industry should not be as definite in thinking this [violence] is what the public wants...
Other budget cuts include the closing of two neighborhood health centers and the Mount Auburn branch of the public library...
Place estimates that Crocker alone lost $700 million worth of deposits to the money funds in 1981. Says he: "We started to ask ourselves how we could compete with the funds and restore some of the customer relationships that have been eroded. We have one branch manager with a list in his drawer of 200 people who have gone to money-market funds but would come back...
During the past two weeks, lines of customers waiting to withdraw money from the 80 offices of Oakland's Fidelity Savings & Loan Association snaked through branch lobbies and out onto the sidewalk. There was no panic because everyone who demanded money got it, but cash was flowing out at near panic levels. Last Thursday alone, $25 million was withdrawn...