Word: rates
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Dates: during 1920-1929
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Congress has already passed legislation approving in principle the payment of each reserve officer at a yearly rate equivalent to one-twelfth of what would be his yearly salary in the naval rank which he has been certified as fit to hold in time of war. Thus a merchant officer who would be made a Lieutenant Commander in war-time will receive $250 per year during his whole reservist period, and, in addition, regulation pay during periods devoted exclusively to "training duty...
...Federal Reserve Banks of St. Louis, Boston and New York each last week reduced its re-discount rate from 4% to 3 1/2% and by their action proved the angry prediction of the Chicago Journal of Commerce that such would be the sequence of results from the Federal Reserve Bank of Kansas City's similar reduction the week before...
...McLean likes to play golf; has a private course. People suspected that Secretary Voight's job consisted chiefly of playing golf with Mr. McLean and looking after his links. At any rate, Secretary Voight had plenty of time to practice this season, improved his game so much that he won nine tournaments, loomed as a likely contender for the U. S. amateur golf crown...
...Federal Reserve Board last week gave permission to the Kansas City Federal Reserve Bank to lower its re-discount rate from 4% to 3½%. This means that banks of the Tenth (Kansas City) Federal Reserve District which belong to the system, can borrow money for 3½% and consequently can afford to loan money to individuals and concerns at a relatively cheap rate. The lowered rate will have one effect of helping the farmers of the Tenth District harvest and ship the season's crops advantageously...
...eleven other Federal Reserve Banks last week maintained their re-discount rate at a uniform...