Word: deposited
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Dates: during 1930-1939
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...disposal of Reserve member banks for commercial loans in the following manner: Bank A receives from a customer $500,000 in Government securities to sell. It turns them into the Federal Reserve bank which credits Bank A with $500,000. Bank A credits its customer with a $500,000 deposit on which it must pay interest. But it gets no interest on its own $500,000 Reserve deposit. Until it draws its Reserve deposit and puts it to profitable work at the service of commerce or industry, it is losing money...
Bond sales were to be taxed ?% (estimated yield, $25,000,000), real estate conveyances, 50¢ per $500 ($10,000,000), and future contracts in the produce markets 5¢ per $100 ($6,000,000). The security holder who escaped these levies by keeping his assets in a safety deposit box would have to pay 10% to the U. S. on the box's rental...
Queen Mary rented a safety deposit box fortnight ago. Apprised in advance of Her Majesty's intention, London's Chubb & Sons' Lock & Safe Co., Ltd. had prepared a gold key to the royal box. which Chairman Lord Hayter presented with a profound...
Forty feet underground in the vault of London Safe Deposit Co., the Queen-Empress used her key, locked up a packet she had brought from Buckingham Palace...
...Majesty expressed the deepest interest," said Safe Deposit Company Chairman Mr. George Kettle, "when I told her that nobody but the owner could get to any of the safes without going through nine different degrees of identification...