Word: depositer
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Interest. With that old tight-money man, Federal Reserve Board Chairman William McChesney Martin watching approvingly, President Johnson signed a bill allowing the three bank regulatory agencies (the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Federal Home Loan Bank
There are a number of important factors that tend to hold down the amount of short selling. One is that the short seller has to deposit with the broker at least 70% of the cash value of the stock at the time of the deal, thus tying up his capital. Also, the seller has to pay to the lender any dividends issued on the stock during the period of the loan. If the stock value jumps, the broker can demand more cash, thus forcing the seller to rush for cover. Most important, any profits made on a short sale...
...federal judge last week cleared one of the five members of the Harvard Corporation of charges that he had abused privileged information of rich, Canadian ore deposit...
Judge Bonsal also cleared nine of Lamont's co-defendants. Only the secretary of Texas Gulf Sulphur and a Geophysicist, who had helped survey the ore deposit, were found guilty...
...bill provoked a strong protest in Washington. Approving an otherwise routine merger between the California Canadian Bank of San Francisco, owned by Toronto's Canadian Imperial Bank of Commerce, and the Northern California National Bank of San Mateo, of which Singer Bing Crosby is chairman, the Federal Deposit Insurance Corp. deplored "the apparent lack of reciprocal treatment" accorded U.S. banks in Canada...