Word: crowleys
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...FDIC earnings exceeded expenses by $1,000,000; 2) FDIC does not consider as earnings the assessments paid by insured banks. Besides its $1,000,000 net earnings on operations it collected $38,800.000 of such assessments in 1937. Last week FDIC's white-shocked Chairman Leo Thomas Crowley was pleased with his year's handiwork. Popping up in Baton Rouge before the Louisiana Bankers Conference, he declared: "We both have sizable sums wagered on the ability of American banks to live down the unsavory aspects of their past record and to begin a long era of sound...
...total in one year of $975,000,000. Thus FDIC has or can raise a maximum of a billion and a quarter dollars as an anchor to windward for some 20 billion in deposits. Whether the anchor would hold in the face of a real banking storm even Leo Crowley does not care to assert, but in the 179 bank failures since FDIC began (nine in 1934, 26 in 1935, 68 in 1936, 28 in the first half of 1937, 48 in the second half), FDIC has paid out $44,000,000 to depositors, recovered 75% of it by liquidating...
...Crowley, coach of unbeaten Fordham, thought it would be good strategy to start his second team against Texas Christian. It wasn't until two minutes before the game ended that Fordham got back the touchdown Crowley's strategy had cost it. Score: Fordham 7; Texas Christian...
...lately softened its harsh attitude toward the lines, gone out of its way to give them what they asked. Example was permission to United Air Lines last month to fly into Denver (TIME, May 10). To make this new service jibe with the Air Mail Act, Solicitor Karl A. Crowley had to devise a totally new concept-that an airline is a "zone of influence" instead of a geometric line. Last week Post Office men in Washington revealed that they will soon advertise for bids for a number of important new airmail routes, one of which is the flight from...
...Post Office to allow United to do the same for Denver. TWA and others protested violently, but Wyoming Air, the sole system which would be directly hurt, offered no objection because of an agreement with United. Last week, to everyone's surprise, Post Office Solicitor Karl A. Crowley decided in favor of the petition, set up a new and important ruling- that an airway was not to be considered a geometric line like train tracks but a "zone of influence." Therefore any airline should be allowed to serve communities within a reasonable distance of its regular route...