Word: clamp
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Dates: during 1950-1959
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...also moved to tighten up bank credit in another way. It announced a twelve-man Voluntary Credit Restraint Committee (four members each from insurance companies, commercial banks and investment banks), to try to get all big U.S. lenders to clamp down on loans not vital to defense, thus help check inflation. Few expected this to be very effective in actually reducing business loans (which in New York last week soared to a new high of $6.7 billion); but FRB wanted to make he gesture before resorting to new compulsory restraints...
This week--for the first time--Radcliffe tried to clamp down on the CRIMSON, too. It ordered the paper's Radcliffe Bureau Chief to quit her job on threat of expulsion...
Automobile dealers whose sales had been crimped by credit controls last week discovered a way to loosen the clamp. Under the six-year-old G.I. bill they found that veterans who use cars in their business can buy them with Government-guaranteed loans, with up to two years to repay. Dealers who hadn't known or cared about the law before began offering "eligible veterans" new cars for as little as $257 down and $45 a month, about two-thirds the payments required under credit-controlling Regulation...
Radcliffe Student, Council decided at its meeting Monday to clamp down on students failing to take out closed reserved books they have signed for. Twenty-two books were left unclaimed at the desk Saturday, depriving other students of the use of these books...
...time being, at least, there would be comparatively mild controls. But Stu Symington, the man chiefly responsible for gearing the U.S. for war production, thought differently. The only way to keep prices down and to free men and materials for the rearmament program, he said, was to clamp down harder & faster. After talking it over with FRB & housing officials last week, Symington won his point. The new restrictions...