Word: deposited
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Dates: during 1970-1979
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...million loan to Lance by New York's Manufacturers Hanover Trust in April 1975, soon after he became president of the National Bank of Georgia. The big question is whether Lance got the credit as an improper quid pro quo for having his NBG place an interest-free deposit with "Manny Hanny...
...testimony, Lance tried to shoot down the charges against him, one by one. He maintained that the deposit of the Georgia bank's funds in Chicago's First National was a "normal banking relationship" and had no connection with his personal loan. Noting that the interest rate on the loan is three-quarters of a percentage point above the prime rate, he declared: "It is payable quarterly, it is a demand note, and I think it is a proper rate...
...evolutionary terms, sex is the central game in life, and the aim of all players is to get as many genes as possible into the next generation, at the lowest cost. Some of the best low-cost players are female fish, which deposit their unfertilized eggs in front of a chosen male. Then, while he is inseminating the eggs, they flee, leaving the poor male to protect his genetic investment by nurturing the young himself...
...athletes, fearful that IRS records could be used to revoke their eligibility, play a dangerous game of concealment from Government, as well as amateur, officials. As one former Olympian explains, "If it's all done in cash, who's going to trace it? I never used to deposit the money in a checking account. I always put it in safe-deposit boxes because of the IRS. I always paid cash for everything." Another athlete admits that he did not file tax returns on his track earnings. Says he: "I felt the AAU would find out that...
...rate. This is the interest rate that one bank charges another for the overnight loan of money the borrower needs to have as reserves. The open-market desk manipulates the federal funds rate by buying or selling Government securities. When it buys securities, the cash it pays goes on deposit with a commercial bank, thus effectively adding reserves to the banking system and lowering the federal funds rate. Selling securities draws reserves out of the banking system and drives up the rate. How have Burns and his colleagues been using their powers? Liberals charge that the Federal Reserve has overemphasized...