Word: outflows
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During the height of its monetary crisis last March, the U.S. lost some $1.2 billion worth of gold, the biggest outflow ever in one month. Since then, the situation has eased. In April, the nation's gold loss dropped to $156 million, in May to $79 million. Last week came the most encouraging word yet. During June, the Treasury Department announced, the U.S. enjoyed a net inflow of $213 million worth of gold, the biggest single increase in the nation's bullion reserves in more than four years and the first monthly gain of any kind since last...
...talk some reason into De Gaulle. At present, France is losing funds at such a drastic rate-$300 million to $400 million a week-that its net reserves of some $5 billion in gold and currency will be imperiled within a few months unless the huge outflow of francs is somehow checked...
While years of balance of payments deficits have weakened the dollar and forced the U.S. to curb the outflow of its money to foreign countries, the rising strength of the Deutsche mark has impelled West Germany to take an opposite course. To offset their embarrassingly big trade surplus ($4.2 billion last year), the Germans have started exporting large quantities of investment capital to the rest of the world. Last year that flow of money reached $900 million, and this year it is expected to grow even further, to $1.5 billion. Reinforcing the trend, Germany's aggressive Dresdner Bank...
...rheumatic fever beginning 15 years ago. A donor heart became available after Kathleen Martin, 15, shot herself in the head during a quarrel with her 18-year-old husband. By extraordinary coincidence, Dr. Cooley had operated on her in 1962 because a narrowing of her aorta was restricting the outflow from her heart, which was becoming enlarged to meet its extra work load...
...rush." Enticed by the 6.45% return on a Government-backed security with interest payments every six months, salesmen and secretaries, doctors and housewives overwhelmed traders with buying orders. One result was an unexpected drain on savings banks, one of the major sources of mortgage money. If it continues, the outflow could lead to another shortage of home loans-the very kind of shortage FNMA was created to help prevent...