Word: depositors
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...With 32 depositor nations among its members, the Manila-based Asian Development Bank, in the 18 months of its lifetime, has sought to prove its own stability in an area of economic turmoil. Its funds - partly kept on demand in 44 world banks-- earned interest of $4.5 million in 1967 while a multitude of possible investments were being cautiously evaluated. "We are new boys in this business," says Bank President Takeshi Watanabe, 62, of Japan, "and we must be sure of what we are doing...
When Lucy decides that the bank needs to enhance its image with a celebrity depositor, she sets out to enroll the master penny pincher himself, Jack Benny...
...white power structure. Hudgins' church sermons on thrift, followed by solicitations, cannot spark the same kind of enthusiasm which could be generated by playing up the fact that Freedom National has no investments in South Africa, unlike most of the larger New York banks. Fear of their white depositor's antagonistic reaction to publicity of this fact has kept the bank's directors silent...
...since its creation in 1961 that it now accounts for 35% of all interestbearing deposits. With the minimum for C.D.s set at $25,000, the plan opens up the Eurodollar market to people operating on a much smaller scale. And since the certificates are negotiable, the depositor will not have his money frozen for a fixed period, as has been the case until now with Eurodollars. White, Weld estimates that there is a $1 billion market for the C.D.s...
...white power structure. Hudgins' church sermons on thrift, followed by solicitations, cannot spark the same kind of enthusiasm which could be generated by playing up the fact that Freedom National has no investments in South Africa, unlike most of the larger New York banks. Fear of their white depositor's antagonistic reaction to publicity of this fact has kept the bank's directors silent...