Word: deposit
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...Société Générale Commerciale de 1'Est on Paris' Quai Anatole-France, forced the president to open the safe, and made off with $80,000 in gold and currency. In Beaune, 170 miles southeast of Paris, thieves looted the safe-deposit boxes of a local bank, getting away with an estimated $2,000,000 in cash and jewelry...
...built, and by last week 91% of its space had been leased. The tenants were drawn there by the compelling fact that the building was on Manhattan's most convenient site-handy to the trains from Westchester and the Lexington Avenue subway, which would deposit employees right on the corporate doorstep. Among the tenants were U.S. corporations ranging from Aluminum to Vanadium, branch offices of Canadian, British, Italian, Mexican and Japanese companies. And, of course, Pan American World Airways, which has leased one-quarter...
...vigilance over national economies. The source of the fund's power is its $15 billion treasury, raised from 83 member nations, each of which can theoretically, at any difficult time, draw out 25% more than it put in. The advantage, of course, is that poorer nations can deposit their own soft currency, draw out hard currency in loans. Every year the IMF conducts on-site inspections of each member nation, dispatching teams of two to five expert economists to pry into budgets, money supplies and payments balances. The inspectors then pass on their reports...
...once did little more with their companies' cash than give it to banks to invest for their own profit (without interest for the firms) in return for a line of credit and checking-account services. Today they question whether a bank's services are worth such sizable deposits, and they look covetously at the interest income that banks make on them. As a result, most treasurers have pared their deposits and, in effect, become their own bankers. Their favorite investments are short-term U.S. Treasury bills and notes and municipal bonds, but the more daring also make loans...
...Africans; they get suspicious when a truck drives off with their hard-earned shillings, and are apt to raise quite a fuss. For Africans, Barclays sets up offices wherever it can, even if they are only one-room huts. Barclays has learned the necessity of accepting the smallest deposit (one chief arrived with an entire tribal retinue to deposit $1.40) and of honoring some unusual checks, including one written on a hard-boiled egg and another on the side of a squealing piglet. The bank also stresses service; one isolated manager regularly cuts his best customer's hair because...