Word: crediters
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Dates: during 1960-1969
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...Economics Boss Hamengku Buwono IX, the Sultan of Jogjakarta, flew to Tokyo to make his bid for $100 million in emergency loans and credit, announced that the new regime had decided to rejoin such Sukarno-hated institutions as the United Nations and the International Monetary Fund...
Most businessmen disagree at least partly with Rockefeller. For all their dissatisfaction with Johnson's arm-twisting, they prefer this to the harsher alternatives of higher taxes, still tighter credit or wartime controls...
...buildings and stores of Harlem. And fully 70 per cent of the mortgage loans go to homeowners and businesses outside of Harlem. Of the mortgages made within the Harlem community, half are made on churches, not on homes or stores. Since traditionally churches are safe long-term credit risks, it is questionable whether the bank really needs the accounts which Hudgins solicits in his sermons to back the church mortgages. It appears that he is simply trying to pick up accounts by using the churches as a medium of free advertising for the bank...
...differ significantly from that of white banks. It is the largest participant in Small Business Administration loans in the city. Since the Federal Government insures these loans up to 90 per cent of their value, the bank takes on a smaller part of the loan risk. It can extend credit to businesses too small or new to have amassed enough profit to finance desired improvements. But even in this category sources from inside the bank indicate that 40 per cent are going to firms located outside of Harlem. The bank will not say what percentage of these loans have gone...
Until the bank finds a more solid financial backing than it now has, it will be preoccupied with the simple question of survival. Although in the long run, such helpful steps as liberalization of mortgage credit or the establishment of an educational loan fund might be possible, Freedom National is behaving now very much like any other bank. Rather than admit this fact, Hudgins continues to talk race goals--partly because he really believes in them and partly because he thinks favorable publicity will attract the volume of small accounts the bank needs to survive...