Word: ls
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Dates: during 1970-1979
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...Washington in June permitted the banks to pay any rate they wished on large time deposits. The banks can lend more of the money too-directly or through the bond market-because the Federal Reserve Board has also reduced the proportion that they must keep in reserve. S and Ls took in $508 million of deposits in July, a record for the month. As a result, they were able to make $2 billion of new mortgage loans in July, 5% more than a year earlier-the first such year-to-year increase in twelve months...
...money is intended to enable S and Ls to increase their mortgage lending, now crippled by heavy deposit withdrawals. Provided Congress agrees-a big if-the subsidy plan could mean a $4.5 billion increase in S and L mortgage lending over several years, because each $1 of subsidy would generate as much as $10 or $15 in loans to home buyers. In a companion move to stanch the deposit drain, the Government raised the minimum denomination of Treasury bills from $1,000 to $10,000. Depositors have been shifting their savings from S and Ls and banks into the higher...
international team including ?? M. Reeves and William H. ?? ?son, lecturers in Astronomy, ?? have two ultra-violet light de? ?? ?s aboard one of the 33 rockets ?? ?NASA inteds to fire from Wal? ?? Island. Virginia, tomorrow. The ?? ?ll be used to photograph the ?? or chromosphere as ?? ?ls into the eclipse ?? ?? of light ?? rocket's cameras ?? ?he chemical finger? ?? identify the reactions ?? that region of the sun. ?? ?mosphere is only visible for a few seconds during a total eclipse before the moon covers up the thin layer...
...banks and savings-and-loan associations stem a worrisome outflow of funds, the Government raised the maximum interest rates that they can pay to depositors. On ordinary savings accounts, the ceiling went up from 4% to 4½% for commercial banks and from 4¾% to 5% for S & Ls. At the same time, Washington perpetuated a dubious double standard by which the rich can earn more with their money than can citizens of modest means. Banks and S & Ls were empowered to pay up to 7½% interest on certificates of deposit of $100,000 or more held...