Word: lending
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...country ... It would be undesirable to further intensify monetary restraint." Though he did not specifically say that there would be an easing, the money markets early in the week flashed a signal that it was already going on. The Fed allowed federal funds -uncommitted reserves that banks lend to each other-to trade in the 11% to 11½% range, v. the previous 12% or more. The change indicated that slightly more money was available for lending, and that the Fed was endorsing...
This accusation has not yet been proven, but the statistics on this year's entering graduate students tend to lend credence to the notion...
...great powers to make or break, and they are under extreme pressures. Typically, Phoenix's First National Bank of Arizona (assets: $2 billion) does not have enough money to meet all the loan demands, and its officers must make agonizing decisions about which of many worthy applicants to lend to. Says President Robert D. Williams, 62: "It's rough to tell longtime customers who are also old friends that the well...
...admissions office. When an important component of the student body drops 25 per cent in size the University, not undergraduates, is to be blamed. Ironically, admissions had engineered a 100 per cent increase in the number of black enrollees when there were very few black undergraduates around to lend assistance with recruiting...
...offer came after the U.S. Senate voted down, 53 to 35, a proposal to have the Navy, which has ordered 374 Tomcats, lend Grumman $100 million. Grumman had claimed that it needed the money immediately to meet its payrolls. But Senators angrily noted that Grumman had reinvested an earlier Navy loan in high-yield, short-term securities and made a net profit of nearly $3 million. Some Senators also were annoyed that Grumman had paid dividends of 15? a share to stockholders in the last two quarters; Grumman last week postponed until next month action on another dividend, but conceded...