Word: loaned
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Dates: during 1960-1969
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...they have been salting away 7.10 of each dollar -a nine-year high and far above the 5.50 considered normal. Deposits have been rising at an annual rate of 17% at commercial banks, setting new records for eight months running at savings banks. The nation's savings and loan associations, which were left dry by a net outflow of $1.4 billion in July 1966 because of the money crisis, last week reported a healthy $64 million increase in funds for July...
...savings spurt began late last year, after banks and savings and loan associations raised the interest rates to com pete with the soaring rates offered by the bond market. Recently, consumers have been especially anxious to rebuild accounts shrunken during 1966 in anticipation of a tax increase and out of economy jitters. "The consumer and his family have been expecting the worst," says Chase Manhattan Bank Vice President John Deaver. "It takes them a while to get used to the idea that things are getting better...
...years as a roving loan officer for the First National Bank of Boston, Serge Semenenko doctored many an ailing corporation back to health with heavy doses of credit. Rarely, if ever, did the bank lose money on his risky loans. Thus, when Semenenko, 63, retired last month as vice chairman and head of First National's "special industries" division, the Brahmins he had worked for made appropriate farewells. The bank and its directors, said Chairman Roger Damon, "look forward to a continuing relationship...
...over a ten-year period for "special services" to Moviemaker Jack L. Warner. One such service: arranging the sale last year of Warner's stock in Warner Bros. Pictures Inc. to Seven Arts Productions Ltd., which Semenenko made possible with a $19.5 million loan to Seven Arts from a syndicate of First National and four other lenders...
...Authority explained that the demolition was proceeding ahead of schedule because a Federal loan-and-grant contract has already been approved (September 2, 1966) but not funded for a specific amount...