Word: lende
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...ordered its 7,000 member banks to put up some $1.9 billion in additional reserves. It was the second time FRB had used the new anti-inflation powers granted by the special session. (The first was tightening of installment credit, which goes into effect next week.) As banks lend about $6 for every dollar they have on deposit, FRB's order, in effect, cut the lending power of banks about $12 billion...
Banks. The World Bank, turning from lender to broker, got ten U.S. banks to lend four Dutch shipping firms $12,000,000 to buy cargo-passenger vessels. Henceforth, said Vice President Robert L. Garner, the World Bank will try to steer foreign loans to private institutions...
Angel. The hard-pressed British film industry, aching from financial bruises despite the soothing balm of U.S. critics, got some help from the government. Because private investors have shied away from the industry, the Board of Trade set up a $20 million fund to lend to distribution companies and independent producers at low interest rates. The board hopes to step up film production enough so that British theaters can show British movies 45% of the time, thus meet the new quota regulations against U.S. films. Hod Royalty. With building trade wages at a record high, bricklayers in New York were...
...businessman's faith in free enterprise is shared by such a large number of lesser U.S. citizens that labor has not even been able to build a political party worth the name. Therefore a successful anti-capitalist revolt is impossible unless the U.S. businessman is willing to lend a hand in arranging his own execution...
...though the 17-acre area was being rapidly leveled, U.N. still did not know just how soon it would be able to build the tall stone plinths of its permanent home. A bill to lend U.N. $65 million had finally been approved by the House Foreign Affairs Committee. Yet U.N.'s bill stood a chance of getting lost in the shuffle of unfinished congressional business. Said James Dawson, U.N. Coordinator of Construction: "We will need every break to be ready for U.N.'s fall meeting...