Word: depositer
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...report also charges that Rebozo used various trust accounts (again in the name of Thomas Wakefield or his law firm) for the deposit and transfer of at least $20,000 in $100 bills, and that these funds were subsequently used to pay for part of the $45,621.15 in improvements to the Nixons' Key Biscayne properties. These improvements included a new swimming pool and accessories, a fireplace, a putting green and a billiard table...
...subway in Teheran costing at least $600 million, a liquefied natural gas plant ($600 million), and a steel plant. They will construct twelve large tankers and help with a large-bore gas pipe line ($1.7 billion) and supply sophisticated military equipment. In return, the Shah has agreed to deposit $1 billion in the French central bank as an advance payment and increase Iran's shipments of oil to France. The advance payment will help the French narrow their trade deficit, which for the first five months this year was $1.8 billion...
...news caused hundreds of angry, shouting depositors to mill round the bank's headquarters, trying to find out if they could get any of their savings back. Police with bullhorns managed to calm them but could not answer the question. Germany has no equivalent of the Federal Deposit Insurance Corporation, which insures bank deposits in the U.S. On the West German stock exchanges, jittery investors bid share prices of banks and insurance companies down to seven-year lows...
Furious Bankers. Many commercial bankers are furious. The savings-bank payment order, says Rex J. Morthland, president of the American Bankers Association, "is a blatant violation of the spirit and the letter of the historic distinction between savings and checking accounts." The ABA last week asked the Federal Deposit Insurance Corp. to let commercial banks also pay 5¼% interest on savings...
Meanwhile, commercial banks face new checking competition from another source: Boston's Fidelity Group of Mutual Funds last week announced a plan that enables customers to write checks against interest-earning mutual fund accounts. Fidelity is starting a Daily Income Trust that will invest deposits of $5,000 or more in such high-interest securities as Treasury bills and bank certificates of deposit. Each investor who wants the service can also open a no-balance checking account at Boston's National Shawmut Bank. When the bank gets a check for payment, it will withdraw the funds from...