Word: ratios
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Dates: during 1930-1939
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...bank reserves and their manipulation. Excess Reserves. The principal medium of exchange in the U. S. is not currency, which accounts for only 10% of the total money supply, but credit money, which means checks. By law a bank must maintain with a Federal Reserve Bank a certain ratio of reserves to customers' deposits. Reserve requirements vary with locality and type of deposit but a rough average is 10%-i. e., for every $10 of customers' deposits a bank must itself have at least $1 on deposit in a Reserve Bank. If a bank...
...demands on administration, has extended the scope of the merit system, so that by the end of Hoover's administration 80% of the government employees were included. In appalling contrast, at the close of the fiscal year 1935 the percentage of competitive places had dropped to 57, approximately the ratio which prevailed...
...diplomats emerged, sucking their Havanas, the press placards of London carried blood-red headlines. Inside the papers one could gather from small type that Japanese "pride of race" no longer submits to the "inferiority" branded upon Japan by the 5-5-3 naval ratio. Therefore Japan, like race-proud Germany, will hereafter build what war boats she pleases. If steel is to be piled onto the oceans until it is time for blood, Japan nevertheless maintains that in any such naval race everyone else will be as much to blame as Japan...
...Naval Conference was not yet thought of. Japanese editors last week filled their papers with wrathful recollections of how. after the Washington Conference opened in November 1921, the British delegation professed to be "surprised" when Secretary of State Hughes proposed what afterward was adopted as the 5-5-3 ratio with Japan at the short end and the U. S. and Britain sharing parity. One of the most surprised British delegates was Lord Lee, who, according to the Ochs memorandum, had himself proposed this particular surprise several months previously and had it transmitted to Washington by Publisher Ochs...
...order to reap this profit, they had to sell no less than $1,850,000,000 worth of meat, butter, eggs, fertilizer, byproducts. The earnings amounted to only 1.7? per $1 of sale, but packers have long since grown accustomed to getting along on this modest ratio. The year was marked by a shortage of livestock. During 1935 only 29,266,000 little pigs went to market, compared to 44,398,000 in 1934. Total meat supply was off about 18%. The result was marked advance in meat prices. Between October 1934 and October 1935 beef went up (wholesale...