Word: deposite
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...Harvard could deposit $1 million in the First National City Bank for five years at three per cent interest. First National usually lends out money at eight per cent but since Harvard would agree to accept a lower interest rate. First National could use this interest differential to invest in black businesses. They would do this through their Small Businses Investment Corporation (SBIC) which could put up an equal amount, thus giving $500,000 to a black or community-owned business over a five year period. The stock in the business would be 51 per cent owned by the community...
Even during the Great Depression, none of Houston's banks failed. Last month, however, the queues began forming each day before dawn outside the defunct Sharpstown State Bank as depositors applied for payouts from the Federal Deposit Insurance Corp. The agency was making good on accounts -but only up to $20,000 each. About $16 million seemed, for the time being, lost to depositors...
...Oakland, Calif., a middle-aged man, after receiving aid for 13 months, gets a post at last as a security guard. There is one problem: he needs $40 for a deposit on the uniform he will have to wear. Sorry, no money in the rule book. A caseworker deliberately breaks the law to advance the money. The man repays it within a month...
...Last week New York City's environmental protection administrator. Je- rome Kretchmer. suggested a way to recycle the 73,000 cars that New Yorkers abandon on the streets each year. He urged the state to enact a law making auto buyers give the state a $ 100 deposit for new cars, auto owners $50 for their present car. Once the cars were junked "in an environmentally acceptable manner," the money would be refunded-the old returnable-bottle scheme, but this time with a deposit worth collecting...
...they might. Credit Lyonnais of France, Commerzbank of Germany and Banco di Roma of Italy had just joined in a unique accord that one executive described as having "all the advantages of a merger without its inconveniences." The signing brought into being a financial powerhouse with $18 billion in deposits, 3,000 branches and 60,000 employees, making it the largest banking operation in Europe and the fourth largest in the world.* Though there will be no common direction, the three partners intend to "harmonize" management practices and so integrate their accounts that a customer will be able to walk...