Word: depositer
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...group would simply look up the necessary key and use it to encode a message. Yet even if someone could intercept this transmission, he could not interpret it without access to the second, or decoding, key. Diffie compares this seemingly paradoxical system to a bank's night-deposit box: anyone can put money in, but only authorized employees can take...
...purpose of the new certificates ?which have been authorized jointly by the Federal Reserve, the Federal Deposit Insurance Corp. and the Federal Home Loan Bank Board?is to induce depositors to leave their savings in the bank instead of withdrawing them and investing them in bonds and in mutual funds that specialize in high-interest-bearing securities. Such withdrawals reduce the money available for housing mortgages and place a drag on the entire economy...
...certificates are attractive to investors because, with Treasury bills at their present rates, the deposits can yield more than 7% a year if the interest is compounded daily, a service that many banks are providing. To get that high interest from any other bank deposit, a saver would have to tie up his funds for up to four years instead of six months. Since the buyer of certificates gets his money back a half year later, he can turn around and reinvest it in an even higher-interest certificate if Treasury bill rates continue to rise...
Banker Hillary Hayes Jr. told the jury his bank in Geneva had needed funds to help local corn farmers who were hurt by last summer's drought. After loaning the treasurer $50,000, he said, the bank received $725,000 in state deposits. Businessman Clay Baker described how he arranged $175,000 in financing for Stars over Alabama, in exchange for 10,000 shares of stock. On another occasion, he said, he obtained from her a $100,000 state deposit for a bank in Tuscumbia...
Legal action surrounding the dance might not be completely resolved, however. The state is now requiring that the alliance put up a $2000 security deposit, which has never before been required for rental of the Armory...