Word: loaned
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Dates: during 1950-1959
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...alliance stands as firm as ever in the geographical limits of its primary purpose-the defense of Europe-and that Britain remains the U.S.'s closest friend by blood, interests and sentiment. This fact was underlined last week when the U.S.Export-Import Bank granted Britain a $500 million loan (at 4½% interest) to help Britain through its post-Suez crisis...
...next day the loan began to have its hoped-for effect. The pound steadied in the London money market, rose from $2.78¼ to $2.78⅝ Speculators who had been selling the pound short in the belief that it might be devalued, began withdrawing from the attack. Further indirect support is almost certain in the shape of a U.S. Export-Import Bank loan, possibly as high as $700,000,000, to help finance Britain's foreign trade...
...other member nations in Eu rope, the fund could also lend support. If necessary, France could draw up to $525,-000,000; The Netherlands, $275,000,000; Austria, $50,000,000. But Director Jacobsson did not think the need would arise. The size of the loan to Britain would help stabilize the sterling area with which France and other West European nations are associated, make it unnecessary for them to withdraw their quotas...
...HOME LOANS will be eased by new Veterans Administration rule. V.A. will allow lenders to make tentative loan commitments with understanding that loan can carry an interest rate higher than, the 4½½;% legal maximum, provided Congress raises maximum before deal is closed...
...quiet little summer-resort village (pop. 5,000) two hours from Manhattan, literally everyone was in his debt; he did two-thirds of the town's banking business, furnished 70% of its credit. "I've got to go up and see Uncle Bill and get a loan" was a community phrase. And rarely did Uncle Bill refuse...