Word: loan
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Dates: during 1960-1969
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...turned on the television set and almost fell out of my chair," said a senior officer of the powerful First National Bank of Boston. What caused such consternation was the news of Lyndon Johnson's admonition to the nation's bankers not to increase their loan interest rates. In response to the rise in the Federal Reserve Board's own discount rate, the big Boston bank had just the day before become the third U.S. bank to hike its own prime rate, but Johnson's pressure changed all that. Said the First National officer...
Shriver never did say just how he and his 181-man staff went about choosing recipients. But the standards certainly must have been flexible. One project, for example, was a $25,000 loan to a fruitcake manufacturer in Lafayette...
...within three days of its birth, the Daily Press had retired Cousin Irving's loan. And as Detroit's longest newspaper shutdown wore on, the paper developed professional competence. In time, the editorial payroll included more than 100 hands, most of them borrowed from the silenced Free Press...
...Rhoda." She is made of transistors, computers, poly ethylene and a generator. Within her breasts are solar batteries. She is the central figure and continuous joke in CBS's new situation comedy, My Living Doll. Created for experimental purposes by aerospace scientists, she is for the moment on loan to a psychiatrist (Bob Cummings), who keeps her in his apartment. She will do anything he tells her to do, and when she doesn't under stand him, she says, "That does not compute." Curiously enough, this remarkably human robot is being played by Julie Newmar, and typecasting...
...ready answer: the Federal Reserve, he said, will continue its present policy of "cautious ease," preventing the rate hike from hurting the economy by buying Government securities in the open market and thus pumping money into the banking system. In Martin's view, the hike would not raise loan or mortgage rates, or affect the economy: "I think that it would have a negligible effect on the money supply." To attract more savings and further increase the supply of money, the Federal Reserve simultaneously allowed banks to increase their maximum interest on savings deposits from...