Word: deposit
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...report detailed how the committee's staff had compared Brooke's checkbook with other records and found that a number of entries had been obliterated or changed. One of them concerned an Oct. 4, 1972, bank deposit for $27,500 that was originally recorded in the checkbook as a loan from the Bank of Montreal. But when Brooke's lawyers submitted his checkbook to the Ethics Committee, the $27,500 was listed as a return of capital on an investment. Brooke and his lawyers claim that the alteration was made to correct a clerical error...
...investment. Of course, since he bought much of the land and many of the machines when prices were lower, his return on original investment is substantially higher; nonetheless, in theory he could enjoy a larger income by selling out and putting the money in bank certificates of deposit paying around 9% interest. Such profits on even the most efficient farms are too meager to interest big corporations. The fears that the family farm would be taken over by "agribusiness" have proved unfounded. Corporations with more than ten stockholders account for less than 2% of U.S. farm sales. Even farms large...
Ameral said the Corporation presently holds certificates of deposit (short term bonds) in five national banks: $17 million worth in Chemical Bank of N.Y.; $13.5 million in Citibank of N.Y.; $2 million in Continental Illinois; $11 million in Manufacturers Hannover; and $5 million in Wells Fargo Bank of San Francisco...
...Corporation purchased the certificates of deposit in Continental Illinois, Wells Fargo and Manufacturers Hannover earlier this year in an apparent contradiction of the policy outlined it its April 27 report...
Last May, the Corporation purchased the first in a series of certificates of deposit, totalling $11 million, in Manufacturers Hanover, a bank that publicly supports a policy of making loans to the South African government if the end result is overall economic growth...