Word: discounter
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Dates: during 1950-1959
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...surprise of Wall Street, the Federal Reserve Board last week tightened up on credit again-and immediately stirred up a controversy. In the third such move since last summer, the Fed permitted four district banks (New York, Chicago, Philadelphia, Dallas) to raise their discount rates to member banks from 2½% to 3%, thus allowing others to follow...
Even partisanship cannot discount the work of Yale's head swimming coach at New Haven since 1918. He was also Director of Athletics there from 1946 to 1949, and head coach of four American Olympic swimming teams. Kiphuth's squads have a present streak of 181 consecutive dual meets, not having lost since the Army meet of 1945. In all, his teams have won 507 and lost a mere 12 dual contests...
Theologian Niebuhr could not wholly discount Barth's "above-the-battle Christian witness." since "East and West alike are in equal condemnation by the real gospel." Yet the price of this attitude can be "moral irrelevance"-flawed by such asides as Barth's sneer at "praying away" Communism because God's answer might be American "fleshpots." Chided Niebuhr: "The dilemma is so deep that I would prefer to let the eminent theologian stew in it for a while, at least until he realizes that he is not the only prophet of the Lord." Barth's attitude...
...pace of U.S. business picks up, so does the demand for money. Last week bankers indicated they expect a rise soon in the discount rate, now 2½%, as well as a corresponding hike in the prime rates. Said Hanover Bank's President R. E. McNeill Jr.: "I would not be surprised to see an increase in the discount rate. There is a high level of business, inventories are down, money is fairly tight, and banks are well invested." With higher rates ahead, U.S. bonds had another sinking spell last week, reached the lowest level in years; many Treasury...
...manager of the nation's money supply, the Federal Reserve Board operated its credit tools with a delicate touch, lowering member-bank discount rates and reserve requirements. But there...