Word: depositer
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...supply of money for loans comes from two main sources. The first is the savings that individuals, families and firms deposit with banks, insurance companies, pension funds or other financial institutions. The second source is the Federal Reserve Board, which has the job of expanding the total U.S. money supply to meet the needs of a growing economy...
...Essay [April 5], Roger Rosenblatt suggests there is no effective way to discourage the book borrower; I submit there is. When someone wants one of my books, I will willingly oblige-but the borrower must first give me a deposit of $50. He gets his money back when he returns the book. Are some people insulted? Of course-the very ones who would never have returned the book otherwise...
...small army of Government agencies have filed suits against Lewellyn. These include the Securities and Exchange Commission, which charged him with stock manipulation; the FBI, which accused him of embezzlement; the Federal Deposit Insurance Corporation, which wants $9 million from Lewellyn and five New York brokerages with which he did business; the IRS, which says he owes $3.2 million in taxes; and the Securities Investor Protection Corp., which may have to reimburse any of Lewellyn's brokerage customers who lost money...
Last week federal regulators authorized yet another new savings vehicle: a 91-day certificate with interest pegged to the rate on high-yielding 13-week Treasury bills (current rate: 12.55%). The certificates, which will require a $7,500 minimum deposit, will become available May 1. The rate paid by thrift institutions will be .25% more than that given by banks, just as it now is for passbook accounts...
...first of these financial gimmicks to appear was the much heralded All Savers Certificate, which banks and savings and loan associations unfurled last October. Savers can earn up to $ 1,000 in tax-free interest on these one-year investments, which require a minimum deposit of $500. Despite an extravagant advertising blitz, though, the ASCs have proved to be a flop. Financial institutions were expecting All Savers deposits of up to $250 billion by the end of this year, but the total so far has reached only $46 billion, and customer interest is waning fast. There is no strong sentiment...