Word: deposited
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Dates: during 1980-1989
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Bank Robber Willie Sutton would have been intrigued: the First Bank & Trust of Harrisburg, Ill., is giving away guns. In lieu of cash interest, the bank some time ago began offering a collector's set of three Smith & Wesson revolvers (retail value: $1,300) for new certificates of deposit. To get the guns, a customer can deposit $2,000 for a ten-year term, for example, or $30,000 for six months. The bank estimates that the weapons are worth the equivalent of 10% annual interest over ten years. The idea has been so successful that the bank...
...until Congress returns in January, and S and L officials insist that depositors are in no danger of losing their money. Says William O'Connell, president of the U.S. League of Savings Institutions: "I don't think there is a crisis. The whole U.S. Government stands behind the deposit-insurance funds...
Coverage of away games in particular has becomeincreasingly expensive because of rising telephonecosts, said John P. Toohey '87, a member of thestation's sports department. A $400 deposit wasrequired to obtain a telephone line for one awayhockey game last year, Toohey said...
...York scandal during the mid-1970s. Loews had bought a $40 million stake in the Franklin National Bank, which was sold to Michele Sindona, an Italian financier. When the bank later failed, Sindona was convicted of looting its assets, and Loews was sued by the Federal Deposit Insurance Corporation and a bankruptcy trustee for breach of fiduciary duty and misuse of inside information. Without admitting any wrongdoing, Loews agreed to pay $1.2 million to settle the suits...
...Four C-141 transports loaned by the U.S. Air Force are bringing in reinforcements and supplies, while 36 helicopters fight the blazes from above. Tent cities are springing up in places with names like Sled Springs, near major conflagrations. Around the clock, caravans of yellow school buses deposit scores of yellow-shirted fire fighters. Senior citizens in Enterprise, Ore., spend their mornings stuffing 1,800 beef and ham ^ sandwiches for the blaze busters' lunch. Sophisticated technology, made up of computers, radar, video cameras and satellite dishes -- dubbed the "mousetrap infrared system" -- helps pinpoint and track the fires...