Word: depositer
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...Connally, according to the indictment, decided to cook up an alibi with Jacobsen: the pair agreed to testify under oath that although Jacobsen had offered the money to Connally, the Treasury chief had refused to take it. Whereupon, the story went, Jacobsen put the cash in a safe-deposit box in a bank in Austin. To make the alibi stick, the prosecution believes, Connally gave Jacobsen $10,000 out of his own pocket to place...
...indictment is correct, the Secretary of the Treasury did not show much familiarity with his own bills. Belatedly realizing that the cash in the box had been issued by the U.S. Treasury after the deposit had supposedly been made, Connally is believed to have hastily replaced it with another batch of bills. Once again, he apparently slipped up. Though these bills were dated prior to the deposit, some of them had not been put into circulation until several months later. Thus investigators concluded that Connally and Jacobsen were lying. Confronted with the evidence, Jacobsen pleaded guilty to one count...
...starts are limping along at an annual rate of 1.6 million, v. 2.5 million a year and a half ago. Many economists expect a further decline, to a rate of some 1.3 million in the third quarter. Home-loan capital has all but evaporated because of a run on deposits in savings and loan associations, which cannot compete with the rich-yielding rates being offered for Treasury bills, bank certificates of deposit and commercial paper. Mortgage rates round the country average about 9.2%, and many home buyers have to make down payments of 30% or even...
...definite link between Rebozo's expenditures on the President's behalf and the $100,000 campaign contribution from Billionaire Howard Hughes. The report alleges but does not prove that, contrary to Rebozo's sworn testimony, he did not leave the Hughes contribution intact in a safe-deposit box for three years before returning it to a Hughes representative in June 1973. As previously reported, the President's former lawyer, Herbert Kalmbach, told the committee that Rebozo had told him that he gave part of the $100,000 to the President's brothers, Edward...
...First National City Bank of New York pioneered an innovation which has since become as popular as it once was unorthodox: in denominations as low as $500, the bank offered its customers fixed-term certificates of deposit that paid a higher interest rate than is permitted on savings accounts. Now its managers have introduced an even more radical idea for the inflation-harried small investor: notes that would pay a variable interest rate, generally tending to rise with the cost of living. Their plans have kicked up a controversy that prevented the scheduled sale of the notes last week...