Word: depositer
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Police also discovered that Kathy Power put a $100 deposit on a red 1967 Volkswagen about 45 minutes after the hold-up and paid for the car in cash an hour later...
...last two months the Dirty Dozen has taken ten welfare offices in the three counties around San Francisco for a total of $4,000. To protect themselves from fraud proceedings the group defaced all checks, food stamps and free medical cards by writing on them "Not for deposit at any time-Cheaters...
...Will Get Help. For the present, consumers and many companies will enjoy little of the prime cut. Even many of the largest corporations are required to leave 15% to 20% of their loans on deposit-which means that the actual interest rate they pay is about 9%, down from 9.6% before the prime reduction. For other forms of borrowing, the prospects vary...
...military, commercial and foreign-aid ventures for years have pumped a stream of dollars into non-Communist Asia. Usually, the dollars flowed right out again-mostly to London or Zurich. Asian capitalists preferred to deposit coveted hard currency without encountering the burdensome exchange restrictions and withholding taxes on interest that they would meet at home. Now, however, a growing number of the dollars are traveling no farther than Singapore. There, U.S. bankers and local officials have created a Far Eastern version of the Eurodollar market-the $40 billion pool of U.S. money on deposit in private banks in Europe...
...make sure banks have enough cash to meet demands from corporations seeking loans to pay off commercial paper. They invited banks to borrow more money directly from the Federal Reserve system itself. The Fed also removed the ceilings on interest that banks can pay on short-term certificates of deposit. These rates then jumped from about 61% to 8%, which is just about the going level for commercial paper. The rise should encourage treasurers of cash-rich companies to invest in bank certificates of deposit rather than lOUs. That sort of simmering down of the commercial-paper market could only...