Word: deposit
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...business this country has." Despite the rising barometer, the Administration was taking no chances. The Federal Reserve Board cut bank reserve requirements by more than $1.5 billion, thus expanding by about $9 billion money available for loans, since banks on the average are required to keep $1 on deposit with the Federal Reserve for each $6 of their own demand deposits. The Administration hopes that by making credit easier, it will not only give the economy a boost but make money available for the seasonal increase in business borrowings...
TIDELANDS SULPHUR has been found off Louisiana in the Gulf of Mexico. Humble Oil has struck a deposit 2,500 ft. down, six miles off Grand Isle. It will drill 20 test holes in the next two years, then possibly team up with a sulphur company to mine the deposit...
...Spreading Circle. The treasurer of the South Amboy Trust Co., which Hoffman helped to found and direct and which thrived on state funds, claimed that certificates of a $300,000 state deposit were forged. Apparently Hoffman had embezzled $300,000 in state funds to cover his takings, but that was not all. Governor Meyner suspended four state officials, released 44 pages of detailed charges indicating that the scandal spread far into Jersey politics. Sample charges: ¶ Hoffman deposited $3,427,000 of state money without interest in the Trenton Trust Co., run by his friend and. fellow Republican, Mrs. Mary...
Judges for the Princeton debates were the Hon. Raymond S. Wilkins '12, of the Massachusetts Supreme Judicial Court, Francis W. Hatch '19, president of the New York advertising firm of Batten, Barton, Durstine, and Osborne, and Ralph Lowell '12, president of the Boston Safe Deposit and Trust Corporation and the Lowell Institute...
Tito was in Turkey this time to try to convert the Yugoslav-Greek-Turkish treaty of friendship, signed last year in Ankara, into a military-assistance pact. Arriving in Istanbul aboard a Yugoslav training ship, Tito barely had time to deposit his luggage at Dolmabaghché Palace before he was whisked off to Ankara to confer with President Celal Bayar and Prime Minister Adnan Menderes...