Word: prior
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Dates: during 1930-1939
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...reduction in reserves. By raising the reserve requirement 50%, Chairman Eccles mopped up nearly $1,500,000,000 of the excess, leaving about $1,900,000,000 to worry about after Aug. 15. And while $1,900,000,000 is a larger figure for excess reserves than ever recorded prior to 1935, it could be more than wiped out by selling the Reserve System's $2,400,000,000 worth of Government securities. Furthermore, with reserve requirements averaging 15% of demand deposits, the excess $1,900,000,000 will then represent not $19,000,000,000 of potential credit...
...fact that the $600,000 paid was for services rendered by the carriers prior to the cancelation of their contracts; the fact that the carriers withdrew their claims for damages in toto; the fact that the Government paid not one cent in reparation for the cancelation; the fact that nearly 20 top men of the airline companies had to be summarily ousted before the Government would consider proposals for new airmail contracts; and the fact that the canceled contracts were not reinstated, but new contracts were placed on a strictly competitive basis in accordance with the law; are conclusive evidence...
...Insurance now being taken out against King Edward's marriage prior to his Coronation next spring boomed so heavily last week that Lloyd's quotation shortened from odds of 11-to-1 to 5-to-1. This sort of thing, in view of the recent Budget leak insurance scandal (TIME, May 4 et seq.), caused British eyebrows to up sharply with queries on whether there has been a marriage leak. Stoutly Lloyd's maintained that they thought there was no speculative position last week but only a rush to cover "legitimate trade risks...
...revived the disused custom of personally distributing "Maundy Money" to the poor in Westminster Abbey. April 20 cabled congratulations to Adolf Hitler on the Realmleader's birthday. April jo on the death of King Fuad of Egypt received his successor King Farouk, a youth in school in England, prior to the new King's departure for Cairo. May g encouraged the Covent Garden Opera season by leasing a box, though he attended no operas up to last week. May 16 saw privately his first stage performance since he came to the Throne, the last act of Storm...
Grave anxiety in the Philippine Bureau of Non-Christian Tribes was a matter Don Manuel did not mention. Nine days prior, from Jolo in the Sulu Archipelago, His Highness Padukka Mahasari Manaluna Hadji Mohammad Jamalul Kiram II, Sultan of Sulu and North Borneo, Judge of Agama, lineal descendant of the Prophet, had ascended to enjoy the limitless quantities of gold, jewels, silks, dates, rice, spitted lamb and beautiful women which await the Faithful in the Mohammedan Paradise. The Sultan, who for some years was the only sovereign reigning under the U. S. flag, lived on the tribute...