Word: loan
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Dates: during 1960-1969
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Edwin M. Goodhue '67, manager of the tour, denied previously reported plans to take out a loan to cover the deficit. "We will selectively re-solicit certain individuals over the next eight weeks to make up as much of the deficit as we can," Goodhue said. The group has already raised $111,000 of the $126,000 budget...
...annual rate to contracting it by a 2% rate, doing so by selling Government bonds to sop up cash. From April to August, the money supply - currency in circulation and demand deposits in banks - dropped from $171.6 billion to $166.9 billion. The reverse was particularly jarring because, simultaneously, loan demands were greatly stepped up as a result of two moves by the U.S. Treasury - which does not always coordinate too well with...
Crisis loomed over one big segment of the money market: the savings and loan associations. Tempted by higher yields elsewhere, depositors withdrew $1.5 billion from the S & Ls in July. Government money managers were so worried that dangerously nonliquid S & Ls would go under that the Federal Home Loan Bank Board, which regulates the associations, arranged a $4 billion stand-by loan with the Treasury and hoped to get $5 billion more from the Federal Reserve - if needed. Says one high U.S. Treasury official: "The withdrawals scared the hell out of us. The savings and loan people were hysterical...
...Problem of Confidence. Nearly a fifth of the SBA's loans so far have been made in the New York City area, helping hundreds of formerly long-term unemployed relief recipients to become owners of beauty parlors, record shops, Laundromats, and even small factories. The big problem, says Sidney Shiff, executive director of the New York Small Business Development Center, which screens and funnels loan applications to the SBA, is to "give people the self-confidence to go into business for themselves. You can't start big, with grand programs. But when neighbors see that somebody...
Hoping to cool the nationalistic temper surrounding the bill, the State Department issued a strong formal protest; it reminded Canada that its own huge banking interests in the U.S. - including about half the lucrative Wall Street call-loan market - amount to some $1.6 bil lion and hinted at possible reprisal. The note did not find a welcome. When one high-ranking U.S. diplomat explained the U.S. position in Ottawa, he was told, "Don't be a bloody fool...