Word: deposits
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...bank of 185 prepared for the survey. The tasks simulated real-life situations, calling upon basic reading and math competence and the ability to interpret charts, graphs and timetables, and were assigned degrees of difficulty on a scale of 0 to 500. Thus totaling the sums on a bank-deposit slip rated a 191; calculating the costs, including handling and shipping, of a catalog order garnered...
...today nearly 80% of all such loans come from nonbank lenders like life insurers, brokerage firms and finance companies. Banks used to be the only source of money in town. Now businesses and individuals can write checks on their insurance companies, get a loan from a pension fund, and deposit paychecks in a money-market account with a brokerage firm. "It is possible for banks to die and still have a vibrant economy," says Edward Furash, a Washington bank consultant...
With their loan portfolios under fire, banks are in danger of losing their depositors as well. Americans have withdrawn more than $500 billion from low- yielding bank accounts over the past three years in favor of higher-paying investments like mutual funds. Even the Federal Deposit Insurance Corporation's $100,000 guarantee is no longer exclusively available to banks and S&Ls. Brokerage firms like Prudential Securities now offer "insured income accounts" with checking privileges and government insurance...
Cambridge Savings Bank, headquartered in Harvard Square, was the city's third-largest lender in 1992, according to statistics published by the Federal Deposit Insurance Corporation (FDIC...
Stopping first in Budapest, Vasiljevic claims, he picked up $1 million of his own cash from a safe-deposit box and brought it in a suitcase to Israel. He went there, he says, to meet with lawyers and visit a Jerusalem youth village that has taken in Serbian refugees. He accuses the Milosevic government of looting $4.5 billion from Yugoslav depositors...