Word: ls
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Dates: during 1970-1979
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...profit squeeze becomes too severe, the Federal Reserve could decide to put a cap on MMC rates, but an outright ban seems unlikely. Rates are bound to come down eventually. More important, scrapping the MMCs would simply send depositors right out the S and Ls' doors again...
...their costs by making high-interest installment loans, savings and loan banks are restricted to mortgages. In New York, Pennsylvania and other states that have usury laws, mortgage-rate ceilings are now lower than the rates banks have to pay on the MMCs. As a result, some S and Ls have begun using the cash they have received for MMCs to buy certificates of deposit paying 11% or more...
...faculty felt it was important to give 'One Ls' the time to percolate," Mary D. Upton, assistant dean and registrar of the 'law school, said yesterday...
...They [UNH] said it was the best game they'd had in a while, but that doesn't make losing any easier," Field said, echoing the sentiments of one more accustomed to Ws than Ls...
...them during the money squeeze of 1973-74, but grew heavy with funds that no one wanted to borrow. Now mortgage interest rates have declined to a national average of 8½% to 8¾%, v. 9% at the height of the money squeeze, and S and Ls are requiring as little as 10% down, compared to 1974 when buyers had to put up as much...