Word: depositer
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...President Reagan, warns that the S and Ls' weakness could force the Federal Government into a massive bailout of the thrifts. One grim scenario: queasy depositors make a run on the S and Ls, withdrawing their savings and cashing in the $40 billion in uninsured certificates of deposit, which the S and Ls would have to make up through sales of assets or more expensive borrowings. Those S and Ls that cannot make ends meet turn to the Federal Savings and Loan Insurance Corp. (FSLIC), under the supervision of the Federal Home Loan Bank Board, which has only...
...mortgage seeker knows, S and Ls and savings banks do not now have much money available for new home buyers. Many S and Ls are quickly reinvesting any money deposited with them in high-yielding, short-term certificates of deposit with major banks, an understandable move aimed at getting a greater return than is paid for long-term mortgages. But this has resulted in a decline of the money available for mortgages from $99 billion in 1979 to $71 billion last year...
...economy as falling too fast to be rescued by any Administration. They urge audiences to put their money in tangible products, such as gold, diamonds, real estate and Persian rugs. Casey, 34, has advised audiences to leave their property in a basement safe in stead of a safe-deposit box or to speculate in the real estate of countries such as Chile and Colombia when, he says, political troubles have depressed land prices...
After a trip to New York to meet with Citibank officials, Stevens returned to Cambridge to confer with Harvard's treasurer and other officials. Within days, the sale of the $5 million certificate of deposit and the $45 million in floating rate notes had begun...
...last fall, long-graduated protesters won their biggest single victory. Following a policy adopted in the heat of the controversy, Harvard sold more than $50 million in notes and a certificate of deposit after Citibank announced it would join a consortium of banks extending a multimillion dollar line of credit to South Africa...