Word: maintain
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Dates: during 1980-1989
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After two months of student protest and heated debate, the Advisory Committee on Shareholder Responsibility (ACSR) last night unanimously voted to recommend that Harvard maintain its automatic ban on investing in banks that make loans to South Africa...
Corporation member Charles P. Slichter '45 and College Treasurer George Putnam '50 declined comment last night on whether the Corporation would follow the committee's non-binding advice and maintain the University's ban on South Africa Loans...
...they defy this vote---they [the Corporation members] are really going to isolate themselves," Frederick T. Smith, the law school representative to the ACSR said after the meeting. "I don't think there is much question" that the Corporation will have to maintain the present ban, he added...
Before the committee voted 10.0, with two members absent to maintain the ban-enacted in 1978 after months of student protest--atleast two members had indicated support for changing the present policy, said Patrick A. Haherty, the graduate school representative...
...basis, though, the Federal Reserve influences the money supply through "open market operations," or buying and selling Treasury bonds, bills and notes. Whenever the Federal Reserve wants to enlarge the money supply, it buys these securities and pays for them by putting new reserves into the accounts that banks maintain with the Fed. With more reserves now showing in their accounts, the banks have more funds to lend out, and interest rates go down. Conversely, when the Fed wants to tighten up money, it sells securities instead, thereby withdrawing reserves and boosting interest rates...