Word: lended
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Dates: during 2000-2009
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Consider that the average yield on a one-year CD is 2.39%, the same as it was in mid-August, according to a weekly survey by Bankrate.com, even though the prime rate - the rate at which banks lend to their most creditworthy customers - has fallen from 5% to 4%. That means a bank that used to borrow at about 2.5% and lend at 5% now borrows at 2.5% and lends at 4% - an entire percentage point has been stripped from the bank's ability to make money. More than half of all banks saw their net interest margin - a measure...
...problems with all this is that in many cases the firms most aggressively competing for deposits aren't taking the money and lending it out but are instead holding on to it to buttress their balance sheets. Since consumers and businesses are so starved for credit, the banks that do want to lend the money forward are finding some ability to charge rates at a greater premium to prime, says Koch, but that doesn't necessarily make up the entire gap. Banks in general are still spooked by loans gone bad and nervous about lending to individuals and businesses without...
...eccentricity.) In a 1996 interview with Ed Grant of the New York City cable access show Media Funhouse, Ackerman recalled that 165 people attended the confab. "We had a banquet so expensive that only 29 of us could afford it," he told Ed. "I couldn't even afford to lend the money to Ray Bradbury, 'cause it was one dollar a plate. Of course no food, you understand, just a dollar for a plate." Forry wore the spaceman outfit around the city, attracting cries of "Buck Rogers!" and "Flash Gordon!" from local children. He added: "They had an Esperanto convention...
...states struggle with budget shortfalls, their attention is sure to remain focused on what help the Federal Government might lend. When the governors met with Obama, they pressed him to pump money into state economies - including funding projects to build schools, bridges and other sorts of public works - and found a receptive ear. "To solve this crisis and to ease the burden on our states, we're going to need action and we're going to need action swiftly," Obama said in a speech at the meeting. "This Administration does not intend to delay in getting you the help that...
...boost sales, and could wind up being surprisingly expensive. Here's their math: In order to get lenders to make the loans at below market rates, the government would have to basically pay banks the difference between the market rate and the 4.5% they would like banks to lend at - currently 1%. That would still leave a profit of 0.8% on every loan the government helped originate through the program...