Word: ratings
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Dates: during 1950-1959
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...spending money on quarters for married students that might otherwise go to maintenance or faculty improvement. The expense of "such massive swaddling" drove "the distinguished and dignified president of one of our proudest and most prestigious seminaries" to plead with his married students last fall to cut down their rate of reproduction. Some seminarians sign up for married quarters while they are still single. In one important Southern seminary, an administrator queried one such foresighted young man, who admitted he was neither married, engaged nor even particularly interested in anyone. "But," he said, "if I got into the married dorm...
Another problem is the high psychological accident rate. "Women work, men study, families are raised in shifts; too busy people get on each other's too taut nerves in too crowded quarters in too noisy halls. So there are crackups: some lurid ones, strictly for whispering; more strained, silent ones gritted through in the analysts' offices...
...prime rate for industrial loans is still at 4%, only ½% below the boom's peak, and keeps all other rates high...
...fact is that FRB's five-month campaign to ease credit has failed so far to cut interest rates appreciably. Though Federal Reserve banks have cut their rediscount rate 1¾%, only a few loan categories such as 90-to-180-day bankers' acceptances and short-and medium-term commercial paper have followed with similar declines...
Commercial banks, which historically paid only 2% to 2¼% on savings accounts, must now pay 3% to compete for funds and do not have much margin for operations if prime rates drop any lower than 4%. As a result of the cost squeeze, says one New York banker, "there has been no lending at all in New York below the 4% prime rate so far. And there are very few exceptions out of town. The loan ratios are high in all categories, and sentiment is firm against lowering the prime rate...