Word: deposited
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Dates: during 1930-1939
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...Fiscal 1934 Fiscal 1935 (in millions) (in millions) PWA $1,677 $1,090 Conservation Work. . 342 65 Bank Deposit Guarantee 150 none RFC 3,970 } Unforeseen Expenses 1,166} 2000 All Others...
...construction. Plans for an "electronic" telescope, equal in magnifying power to an instrument equipped with a 2,000-inch mirror, were outlined by Dr. Francois Henroteau of Ottawa's Dominion Observatory. The projected telescope will be electrical, not optical. Dr. Henroteau and his aides have discovered how to deposit 25,000,000 minuscule silver dots on a square inch of thin mica plate. Starlight falling on the silvered mica will be scanned by photoelectric cells, which will convert the image into feeble electric current, which in turn will be amplified tremendously by three-electrode vacuum tubes. The result will...
More than 13,000 of the 15,000 banks in the U. S. last week held a shower for the Federal Deposit Insurance Corp. by sending checks to set the corporation up in business and get their deposits up to $2,500 guaranteed for six months. Their total contribution was estimated at $90,000.000 to $100,000,000 and they became liable to be assessed an equal amount later. The U. S. contributed $150,000,000 to the pot; the Federal Reserve Banks $131,000,000. Because banks, for the temporary guarantee, are assessed only on the portion of their...
...chairman of Deposit Insurance Corp. Walter Joseph Cummings was busy up to the last minute passing on the solvency of banks seeking guaranteed status. Showing no qualms about the huge contingent liability for some $40,000,000,000 of bank deposits which his corporation, with assets of less than $500,000,000 (ratio: $1 to 1¼?), was assuming, he found time to tell the Press, "Deposit insurance should have a stimulating effect upon business . . . should forever end the fear of 'runs' on banks ... should return large sums from hoarding...
...directors disclosing that: 1) the Federal Reserve Board had given approval for Mr. Ranney's election; 2) the RFC had been asked by letter for similar approval but had never answered. It was so evident last week that the RFC intended to put in Chairman Cummings of Deposit Insurance Corp. as Continental Illinois' chairman that Sewell Lee Avery of Montgomery Ward resigned from the bank's board in disgust. Mr. Ranney announced he would like to have his name withdrawn from consideration...