Word: deposit
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Because of the $3,300,000,000 Public Works expenditure, the Agricultural Adjustment Administration's domestic allotment operations, the Federal Deposit Insurance Corp.'s bank liquidations, said Director Douglas, "the national debt in the fiscal year 1934 will be substantially increased."* The amount of the increase Director Douglas was unable to predict because of "certain still undefined policies of the Government." Though he did not say so, this meant that U. S. citizens would wake up July 1, 1934 to find a fourth successive Treasury deficit behind them...
...Duchess's bedroom window. ''Delighted with his daring and address, she presented him with ?5.000." Biographer Churchill admits his ancestor took the cash but weighs carefully the often-repeated rumor that canny John, instead of blowing in these sinful wages, salted them away as the first deposit toward his future fortune. When he met the beauteous Sarah Jennings, although neither of them had enough money, John snapped his fingers at prudence and married her. A character in her own right, who long survived her conqueror husband, Sarah was a devoted wife but no doormat. Once she took...
...itself direct government control, and will get just that before long, if it continues to withhold its support from the government bond market. It has excluded Morganthau, the President's chief fiscal officer, from its meetings, apparently with the intention of following an independent "we-know-better" policy of deposit contraction (credit deflation) to offset whatever attempts the President may make to finance the Recovery Act with government bonds. Happy the fate of these self-appointed Watchers Over the President if through obstinate resistance to the administration they bring about direct government control of the Federal Reserve System...
...Federal Reserve Banks can make or break this process of deposit creation by buying or selling government bonds themselves in the open market. For if they sell bonds, the cash positions of member banks are weakened, and these member banks become correspondingly less willing to lend money, to create deposits against government bonds or anything else. And the depression in the bond market, which results is what people mean by a destruction of government credit...
...because the Federal Reserve System thus holds in the palm of its hand the whole program of government deposit creation that official or unofficial Administration control is imminent. For the banking system, by virtue of the innumerable camouflages which it affords for direct "flat" purchasing power expansion, has been chosen by the government as its printing press, and it is unlikely that the government will idly watch Nine Men throw monkey wrenches into the equipment...