Word: depositing
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Dates: during 1960-1969
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...votes were counted, Labor's McNamara had walked away with an amazing 5,351-vote plurality. Toby and Tory drew a scant 40.8% of the ballots, and Britnik Gott proved a rebel without a cause: he pulled only 253 votes, and had to forfeit his ?150 campaign deposit. Declared the Manchester Guardian: "The voters of Hull have given Mr. Wilson the clearest message of support he has had since the general election...
...heart attack is an occlusion (shutdown) caused by a thrombosis (clot formation) in one of the coronary arteries, which supply blood to the heart's own muscular walls. Physicians have long known that the dangerous clots usually form where a coronary artery is narrowed by a scaly deposit, or "plaque," of chalky, fatty material. But for all its importance, a nagging question has remained unanswered: How does the fatal clot really form...
This week, in the American Journal of Pathology, two San Francisco doctors offer an unexpected reply: the clot forms as the result of a reaction between arterial blood and material from a diseased part of the artery's walls. Along with the scaly deposit, it makes a plug that blocks blood flow...
Long Island's $1.5 billion Franklin National Bank, a traditional maverick, offered 4.8% for five-month savings certificates (a form of deposit certificate) as small as $19.69. At least 15 New York savings banks hit back by lifting their savings-account rate to 4½% - a full ½% above the legal limit for rival commercial banks. Last week the 4½% savings rate spread to S. & L.s in Minneapolis, Dallas, Kansas City and parts of Missouri. By week's end, savings and loan men estimated that 250 S. & L.s and at least 100 banks had raised their rates...
Predictably, these pressures produced demands for restraint by lenders and for more federal controls. The New York State Savings Banks Association urged the Federal Reserve to reduce the competition by establishing "guidelines" calling for a $25,000 minimum on commercial-bank certificates of deposit. Reserve Board Member Sherman Maisel cautioned bankers that raising interest rates on savings could prove "inefficient and dangerous." Nonetheless, the temptation seems likely to increase. It will take another three to six months before the full effect of the discount-rate increase filters through the complex U.S. economy...