Word: overnighting
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...move that stunned marketwatchers and brought some much needed holiday cheer to consumers, the Federal Reserve Board lowered by a quarter percentage point the federal funds rate, the interest that banks charge one another on overnight loans, from 5.75 percent to 5.5 percent. The key rate effects borrowing costs for consumers. The cut was announced after the highly anticipated meeting of the central bank's Federal Open Market Committee today. Federal Reserve Chairman Alan Greenspan noted that a main reason for the reduction is that inflationary pressures are easing. This was the Fed's second interest rate cut this year...
...When I saw the will, it was mind blowing, such an unexpected windfall," says Yeshiva's president, Norman Lamm, who revealed the gift at his school's annual Hanukkah dinner. "This woman has become a legend overnight, and her name will live on for generations...
Students seeking overnight care at University Health Services (UHS) during exam period next month may be sent to MIT for treatment, Harvard officials said yesterday...
Harvard students and affiliates who require overnight treatment during the weeks Stillman Infirmary is closed will be sent to the Inpatient Unit at MIT's infirmary...
This will not be the first time Harvard students have been taken to MIT for overnight treatment...