Word: deposit
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Urged by reporters to define Social Credit as he intends to practice it, Premier Aberhart obliged: ''Briefly, what Social Credit means is that we are going to take what we produce, increase it scientifically, and distribute it to all. Like any company the Province of Alberta will deposit security in the banks, then instruct the banks to credit we citizen-shareholders with $25 each monthly. The citizen will draw on that credit, his 'dividend check' being the same thing as cash-and naturally just as good...
Cheerfully he signed a resolution naming Sept. 17, 1937 as the 150th anniversary of the adoption of the Constitution and saying: "The importance of the Constitution has grown continually." Into his office trooped Secretary of the Treasury Morgenthau, Governor Eccles of the Federal Reserve, Chairman Crowley of Federal Deposit Insurance Corp., President Hecht of American Bankers Association, Comptroller of the Currency O'Connor, R. F. C. Chairman Jones, Senators Fletcher and Glass, Representative Steagall to witness the signing of the Banking...
...provides that no correspondent or news service may send dispatches out of Argentina without posting a bond of cash or federal bonds of from 5,000 pesos ($1.656) to 50,000 ($16,560) with the Bank of the Nation. This bond is to remain on deposit until three years after the bonded news purveyor has sent his last dispatch. All dispatches, whether cabled or mailed, must be signed by the bonded sender and filed in scrapbooks at the disposal of the Argentine Post Office. No dispatch will be passed or approved by an Argentine censor in advance, but the Post...
...Bill. The chief argument was not over Title I, which sets up permanent deposit insurance on accounts up to $5,000, nor over Title III, which is largely comprised of technical amendments to the banking laws, but over Title II, dealing with the powers and prerogatives of the Federal Reserve Board. Under the Eccles draft, control of the Federal Reserve System, and hence the nation's currency & credit, stemmed straight down from the White House through the Reserve Board Governor, who would serve at the President's pleasure. Stripped would have been the twelve regional Reserve Banks of what little...
...Senator Glass had one swift surprise for the Administration?permission for commercial banks to resume underwriting of securities. Divorce of deposit banking and securities selling was almost the first New Deal financial reform. The Glass provision would not allow banks to return to the retailing of securities through affiliates but it would allow them the profits of underwriting and wholesaling. Consequently shares of big Manhattan and Chicago banks soared on the news last week. One of the biggest beneficiaries would be J. P. Morgan & Co., which under the Banking Act of 1955 chose to surrender its commanding position in security...