Word: deposited
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Dates: during 1950-1959
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...been out of the Huntsville State Prison less than three weeks, after serving 17 months for car theft. Where did he get the green hardtop? Bought it, said Franks, with ill-concealed, sassy satisfaction. Then he proved it: he not only had a legitimate bill of sale but deposit slips showing that he had $13,000 in a Houston bank. Where did he get the money? It was, he said happily, a gift...
...plenty of labor, and proximity to the biggest market in the U.S.-the 21 million people who live within a radius of 100 miles of Philadelphia. For Big Steel, there has been one flaw: it built at Morrisville with the idea that ore boats from its huge Venezuela iron deposit could come right up the river to the plant. But so far, it has been able to get only smaller ships upriver, with Congress holding back on the money needed to dredge the channel the last 30 miles. Nevertheless, Big Steel is hopeful that its channel will be dredged soon...
...Setting "reserve requirements," i.e., the proportion of cash reserves a bank is required to hold against its total deposits. The Fed can set reserves as low as 10%, on the average, which means banks can lend $10 for each $1 on deposit. Or it can hike them to 20%, on the average, which means that banks can lend only $5 for each $1 on deposit...
...Treasury to float the tremendous additional debt ($226,500,000,000) to finance the war. The issues were so huge that only banks, rather than individuals, could absorb most of them. This "monetized" the debt, for banks did not pay for the bonds outright. They simply created a deposit for the Government to draw checks against it. Receivers of these checks deposited them in their own bank accounts. From these increased deposits, the banks could lend about $5 for each $1 received. Thus credit, and inflation, increased, and the dollar bought less and less...
Hager's theory has weaknesses, too. The rim of the crater shows great limestone blocks that look exactly as if they had been thrown there by some sort of explosion. And the long arm of coincidence had to strain itself to deposit so much meteoritic material on the only spot...