Word: depositers
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...insiders fear will hamper the future practice of biography. Hamilton's trouble started when he came across more than 100 unpublished letters, stored mainly in the libraries of Princeton and the University of Texas at Austin. The correspondence dates from 1939 to 1961, and provided him with a rich deposit of raw material and, at first, quotations. Salinger apparently did not know where his mail had ended up, although it is clear that he wished it had been burned...
Wall estimates that for now FSLIC has the money it needs for closing and merging insolvent thrifts. Along with $10.8 billion in new borrowing authority approved by Congress last year, FSLIC will have enough income from deposit- insurance premiums and other sources to bring its rescue resources to $20 billion through 1991. That is only somewhat less than its liabilities for all 510 of the U.S. thrifts that are considered insolvent under strict accounting rules...
NEWTR provides several alternatives for tax resisters. It maintains an escrow fund into which tax resisters can deposit their tax money for an indefinite amount of time. This fund is a security for tax resisters who later decide to pay their debt to the IRS, organizers said...
...case a customer, apparently using a fictitious name, opened an account at Chicago's Northern Trust Bank and later deposited a $4,000 check drawn on an out-of-state bank. The customer could not withdraw the funds immediately because Northern Trust, like most banks, puts a hold on such a deposit for several days to see if the check will be returned for lack of funds. When the culprit came back in nine days, the check had not been returned, so the bank allowed a $4,000 withdrawal to be made. In this case, though, the check...
...banks are becoming almost as common as tumbleweed. Last week Dallas-based First RepublicBank, the state's largest bank holding company (assets: $33.2 billion), skidded to the brink of failure and was forced to go, ten-gallon hat in hand, to the U.S. Government. Within two days the Federal Deposit Insurance Corporation advanced $1 billion to keep First RepublicBank's 73-member banks in business. At the same time, Houston's ailing First City Bancorp, the fourth largest banking company in the state, reported that its plan for returning to financial health was in jeopardy. The problems encountered by both...