Word: keeps
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Dates: during 1970-1979
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...bank's Lon don branch, the money becomes Eurodollars, and the bank can lend it to some other company to build a plant in Turin or Trenton. Because the dol lars are outside the U.S., the bank is free from Federal Reserve rules that require it to keep as much as 16.25% of its U.S. demand deposits frozen rather than loaned out. Since this free dom lowers the bank's costs, it can pay perhaps 1% more interest on the dol lars deposited with it abroad than in the U.S., and it can offer loans at lower rates...
...crack down on such borrowing, the Fed this month began requiring that banks in the U.S., including U.S. branches of foreign banks, keep 8% of their new borrowings from the Eurodollar market in reserve; thus they can lend out only 92½ of each new Eurodollar. But U.S. corporations have already found a way to avoid the regulations. They can borrow Eurodollars from a foreign bank at about 1% lower rates...
...note that the Eurocurrency market readily supplies investment funds for multinational corporations and provides the mechanism whereby the OPEC countries ''recycle'' their new riches to poor developing nations. OPEC'S leaders, ever fearful of placing too much money in any one country, prefer to keep their petrodollars in short-term Eurocurrency deposits free from the long arm of any government...
...Yassmeen's Belly Dance Bazaar in Los Altos, Calif, Performer-Proprietor Jakkee Bryson uses one of the 11-lb. desktop devices to keep track of her inventory of exotic costumes and records. An oil company depends on one of the little wonders to operate a rig off California; others keep track of election statistics for politicians, control light in theaters and synthesize music for rock stars...
...cuckoo went unrecorded, and almost no one knew the name of the new captain of fives at Eton. The Times's famous letters-to-the-editor column was missed perhaps most of all. There was simply no other place to debate, as Times readers once did, how to keep one's hand warm in bed while reading (a concerned citizen's suggestion: slits in the bedclothes). Commented an Observer contributor last winter: "For those who were hooked on the Times, there is clearly no substitute. There is quiet, uncomprehending, slow-bubbling rage about its disappearance...