Word: deposit
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Because they know how long it takes for uranium to "die," scientists can tell how old a deposit is from the proportion of live uranium and inactive uranium lead found side by side within it. Mineral deposits have been dated back nearly two billion years by means of the uranium-lead timepiece...
...Exchange accountants last week confirmed Mr. Simmons' assertion. The Exchange discovered a general disregard of a joint opinion of seven law firms representing the largest brokerage firms on the Exchange. This opinion, written in 1934 as an aftermath of the Banking Act of 1933 which divorced deposit banking from underwriting and brokerage, held that brokerage firms could legally keep their huge customers' balances so long as they segregated them in such a way that they would be "not available for use by the firm in its general business." Of the 60 sampled firms, just seven made any attempt...
...Moved to coordinate and simplify activities of the three Federal agencies which supervise U. S. banking activities-the Federal Reserve System, Federal Deposit Insurance Corp. and Comptroller of the Currency. Franklin Roosevelt asked for such action in an inconspicuous part of his April 14th message to Congress. Last week Secretary of the Treasury Morgenthau, FDIC Chairman Leo Crowley, Acting Comptroller of the Currency Marshall Diggs and several Federal Reserve officers sat down to see if the simplification could not be accomplished without legislation. First problem tackled was bank examinations, now conducted differently by all three agencies. At week...
...whose directorate sit two Morgan partners. Morgan's, claims Mr. Young, also handled all C. & O. financing, which was never offered to competitive bidding from other investment houses. This business would now fall to Morgan Stanley & Co., Morgan's underwriting offshoot since the New Deal divorced deposit banking and underwriting in 1933. Last summer in an exuberant moment Robert Young, who likes to think of himself as a financial liberal, told Senator Wheeler's Senate Committee investigating railroad finance that he planned to open all C. & O. financing and banking to competitive bidding such...
...evidence of banking recovery embodied in the statistics of his report, Jefty O'Connor had to share honors with those two other Federal agencies which also watch over the national banking system, the Federal Reserve Board and the Federal Deposit Insurance Corp. That only twelve national bank's have failed since Mr. O'Connor took office-compared to 1,750 in the previous decade-was largely the result of the fact that banking was the only U. S. industry which was allowed to pass through the depression wringer. And the fact that deposits reached a record high...