Word: depositing
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Dates: during 1980-1989
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...Latin debt came as the U.S. banking system was still recovering from the shock of the near collapse in May of Continental Illinois Bank. The bank revealed last week the stringent terms that it had been forced to accept to receive an emergency $1.5 billion loan from the Federal Deposit Insurance Corp. The FDIC insisted that it have the power to fire Continental directors, that the bank suspend its 50?-per-share quarterly dividend payment and that the bank's officials refrain from giving themselves large severance bonuses, known as golden parachutes, in the event another financial institution takes...
...shaggy elects to be shorn by Jan rather than Don, or the other way round. A regular haircut with nothing fancy is $3, and a "style cut" is $4. A style cut with a shampoo is $7. All children who get their hair cut are given a penny to deposit in the bubble-gum machine. To take to the barber chair in Marshall is to take to the stage before an audience of whittlers...
Because they are often the clearest index to a painter's intentions; finished or fragmentary, they are the deposit left by the process of image forming, the residue of the darlings and probings that constitute pictorial thought...
Fortunes and blowouts that used to build up over years now happen in months and weeks. And to the old investing choice among stocks, bonds and "cash"--certificates of deposit and other short-term instruments--have been added dozens of new securities which are traded many different ways...
...opposite position is being taken by William Isaac, chairman of the Federal Deposit Insurance Corp., which was a major participant in the Continental bailout. He argued that the bank's problems proved that still more banking restrictions should be lifted. Said he: "To me, this episode is evidence that we must proceed with deregulation." Isaac blamed the bank's troubles partly on a web of entangling state and federal laws. Continental is unable to open offices to seek consumer deposits outside Chicago, for example, because Illinois statutes prohibit branch banking. That has helped make Charts Continental dependent...