Word: loaned
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Dates: during 1980-1989
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...that was only part of the bad news that has been jolting F.C.A. The company, which is the parent of American Savings & Loan Association, the largest U.S. thrift institution, may be facing liquidity problems. Last month institutional investors, worried by the company's lower earnings and regulatory problems, withdrew $1.4 billion in deposits, forcing F.C.A. to borrow emergency funds from the Federal Home Loan Bank in San Francisco. Coming just three weeks after the $4.5 billion federal bailout of Chicago's Continental Illinois Bank, the troubles at F.C.A. were particularly unsettling to financial circles. After Knapp...
...Sears move into financial services concerns some people. Federal Reserve Chairman Paul Volcker has said bluntly, "We don't want Sears, Roebuck in the banking business." He believes that nonbanks like Sears would have an advantage over a federally controlled bank or savings and loan. Bankers are worried about the power of a rival that has won such deep consumer loyalty. Outgoing Citicorp Chairman Walter Wriston has long complained that while Sears is free to enter his business, Citicorp is restricted by a mass of state and federal regulations...
...card overnight could be a major tool for collecting deposits, selling certificates of deposit and maintaining checking accounts." Sears is also actively looking to buy more savings and loan associations to add to the one it owns in California. It was a bidder in 1983 for Chicago's First Federal Savings and Loan, which was finally bought by Citicorp...
...Watteau that opened last month at the National Gallery in Washington, and will be seen (with various additions and subtractions) at the Grand Palais in Paris during the winter and in Berlin through the spring of 1985, is such an event. So much of the work is fragile, and loans are so difficult to negotiate, that this is the first major international loan exhibition of Watteau that has ever been held, and it may be the last...
...professional money managers for months: Just what will happen to interest rates? Since January the prime rate has moved from 11% to 13%, pushing up the cost of borrowed money. Market watchers have feared that the Government's need for funds to finance the deficit and the loan demand of corporations trying to keep up with the quickly growing economy would force the Federal Reserve to tighten the money supply. The result: higher borrowing costs, which would cause depressed corporate profits...