Word: extended
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Dates: during 1980-1989
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BUFFALO vs. VANCOUVER: Scotty Bowman proved he could take a team other than the Canadiens and make it work, but whether the magic will extend into the play-offs remains an open question. Nevertheless, the Sabres should sweep the Canucks, whose specialty is penalty minutes rather than offense or defense...
...School Admission Council has recommended that law schools extend their deposit deadline dates from April 1 to May 1 because some schools are processing applications slower than others, Glenn J. Phillips, spokesman for Educational Testing Service (ETS), said yesterday...
Harvard will not extend its April 1 deadline because the ETS delay has not significantly affected its admissions process, Blanchard said...
...credit beyond the totals outstanding last week, they will incur a penalty: they will have to deposit a sum equal to 15% of the additional amount into a special reserve drawing no interest. How to stay within this requirement is entirely up to the lenders. They can refuse to extend additional credit to consumers, cancel the unused portion of existing credit lines, or go ahead and offer more credit, pay the penalty, and pass the cost along to the borrowers. "Secured" loans-those taken out to buy houses, cars, refrigerators and other appliances-will not be affected...
Also, the Federal Reserve will be empowered to extend its reserve requirements to banks that are not members of the Federal Reserve System; these banks hold 30% of all deposits. The effect will be to tighten the Fed's control of lendable funds throughout the economy. Fed Chairman Volcker will also undertake, in Carter's words, "a voluntary program, effective immediately, to restrain excessive growth in loans by larger banks." That sounds like more federal jawboning to get banks to stop making loans for unproductive purposes, such as financing mergers or speculative inventory increases...