Word: deposited
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Dates: during 1970-1979
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...when Hubert Humphrey turned in a 7.9 carat diamond estimated to be worth more than $100,000. Presented to Muriel Humphrey in 1968 by Zaire's President Mobutu Sese Seko, along with ten leopard skins from a Somalia official, the diamond has been resting in a Minneapolis safe-deposit box. The skins were sold in 1970 for $7,500, which was given to the Louise Whitbeck Fraser School for the mentally retarded in Minneapolis. Pleading ignorance of the 1966 law, Humphrey said in Washington last week: "At no time did any officer of the State Department or any other...
...plan works this way: a customer opens a special account at a savings bank with, say, a minimum deposit of $100 and gets a book of payment orders. When he wants to pay a bill, he simply writes out an order as he would a check. Only narrow technicalities distinguish these accounts from checking accounts. One of them: savings banks cannot offer overdraft privileges on payment accounts...
...believe, do not pay enough to be a good hedge against skyrocketing inflation, and real estate holdings could be seized by Western governments. Instead, the Arabs have been putting most of their money into the shortest-term investments possible: U.S. Treasury bills, New York and London bank certificates of deposit, and Eurodollar bank accounts-many of them "call" accounts from which the money may be withdrawn instantly without advance notice. That is a form of recycling that does little good; banks are understandably reluctant to make long-term loans out of money that may be swiftly snatched away. Indeed...
...that date the library's investments were divided between nongovernmental bonds ($3.5 million), corporate stock ($3.9 million in 16 different corporations) and certificates of deposit ($4.7 million). The library claimed $2.0 million in assets relating to planning and acquiring the library site...
...they can borrow at the bank prime but the long-term money raised by selling new issues of bonds or stock. But as towering interest rates make bond issues costly, they also depress the stock market by luring money away into such high-yielding investments as bank certificates of deposit. The Dow Jones industrial average last week fell below 800 for the first time in five months and closed at 802.17, down 24% from its January 1973 peak...