Word: deposit
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...sextants of economists are the business indicators, statistical pointers that help to chart the course of the U.S. economy. They range from measures as complex as interest rates and demand-deposit turnovers to such personally felt statistics as the amount of personal income. When the U.S. economy surges forward or turns sharply back, the indicators usually agree -and so do the economists. Now. with the economy resting on the highest plateau in history, business experts are nervously indicator hopping in search of some clue to its next shift. To some, it is headed for another recession or is already...
...reserve requirement of central reserve city banks, now 18% of their net demand deposit obligations, will be lowered to 17½% on Sept. 1 as a step toward complying with last year's congressional act that all central reserve city and reserve city rates must be identical by July 28, 1962. Last week's action narrows the gap to a percentage point...
...drop too soon. "Any bank in Dallas probably could lend twice as much money as it has available to lend," said a Dallas bank officer, "and the Fed's action won't change this situation." Most big-city banks have some 60% or more of their deposits out in loans, close to the highest deposit-loan ratio in history. They do not want it to go any higher until credit eases considerably...
Denial of Backwardness. As expected, Negroes turned out in force for Kefauver. For the first time since Reconstruction, large numbers of Negroes lined up to vote in Fayette County (TIME, Aug. 8). "All I know is," said one rural Negro, looking for the place to deposit his ballot, "I want Mr. Kefauver's box." Kefauver did not need Negro support to win. He got an overwhelming majority of white votes, collecting them from prosperous suburbs of Memphis and Nashville, as well as from poor rural hamlets and the east Tennessee hills, where Republicans crossed over to vote...
Each player must also make a $2.00 deposit, which will be refunded when he drops out of the tournament. The varsity tennis courts, on Soldiers Field, will be used for matches...