Word: cashed
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Dates: during 1960-1969
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...building up reserves after having practically loaned themselves out of money last fall. Another reason is that even with the prime rate reduced to 5½%, many a corporate customer has turned to the bond market to get money for such immediate needs as repaying bank loans and building cash on hand. Corporate bond issues last month reached a record $1.64 billion. Banks, as a result, have also turned to the bond market to keep their excess funds working. So far this year they have invested $4.6 billion in municipal and Government bonds, keeping most of their money in short...
...deficits totaling $24 billion in its international accounts. And be cause the U.S. permits foreign countries to exchange their dollars for U.S. gold, the balance-of-payments deficit has severely eroded the U.S. gold stock. Today, in the unlikely event that all foreign governments decided to cash in all their dollars at the same time, the Treasury's $13.1 billion store of the precious yellow metal would simply disappear. Last week that unlikely possibility prompted the nation's two largest banks to call for some major changes in U.S. gold policy...
...Once the No. 2 man at Bell & Howell, Roberts joined Ampex in 1961 after the loosely managed company had tumbled deep into the red. Many of Roberts' remedies were routine: he centralized administrative control, for example, and lopped off unprofitable product lines. Yet, despite Ampex' shortage of cash, Roberts also ordered a lavish step-up in research and development spending. R. & D. engineers and scientists were set to work on so many new projects that snickering critics took to calling Ampex "the model shop...
...Status, No Seat. Prosperous on its own and already privy to such Western money sources as the International Monetary Fund (of which it is the only Communist member), Yugoslavia is not after cash so much as other kinds of capital. To compete in export markets, Yugoslavian companies sorely need Western patents, processes, sales contacts and simple managerial know...
...that they are looking for Yugoslav partners "on the condition that business risk be shared, as well as profits." West Germany's Volkswagen is so anxious to set up an assembly plant with Yugoslavia's Dalmaciya Auto that it is offering a full 49% of the necessary cash as investment capital under the code and the remaining 51% as a long-term loan...