Word: reichsbanker
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Dates: during 1930-1939
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...mortgages, public and private, up to 8 per cent, are cut to 6 per cent; and those above 8 per cent are cut by a quarter to one half. The Lombard rate (interest on security loans) is reduced from 10 to 9 per cent. Parallel with these reductions, the Reichsbank is to lower its discount rate from 8 to 7 per cent. Landowners are protected against forced auction sales by the provision that no bid under 70 per cent of the property's valuation need be accepted. Some taxes are reduced but the turnover is raised from...
Germans were tardy about scotching Wall Street's scare. The Reichsbank in President Hans Luther's own good time denied officially that the mark would go off gold. Followed an official Foreign Office denial and at the Chancellery it was said that Dr. Brüning, far from handing the Government over to Herr Hitler, planned to attend the World Disarmament Conference next February as Chancellor...
...cold; Edward of Wales, in York House, London, of a chill suspected of indicating malaria; Editor Charles H, Dennis of the Chicago Daily News, in Chicago, of overwork; Sculptress Gertrude Vanderbilt Whitney, in Manhattan, following an operation for acute mastoiditis; Dr. Hjalmar Schacht, former President of the Reichsbank, at Warin, German, of injuries suffered in an automobile crash; John Work Garrett, U. S. Ambassador to Italy, at his Baltimore home, with a broken foot suffered when he tripped on a rug; Lieut.-Commander George Ottilie Noville, companion of Admiral Byrd on his North Pole and transatlantic nights, in Manhattan...
...creditors of Germany. The latter, of course, are a drain on Germany, not a gain. The exports to Russia are a story in themselves (see p. 20). Unlike other German exports they were sold on the longest of long export credits. To furnish these credits, German banks and the Reichsbank in particular have been drawing on available credit resources to the limit. Last week the Reichsbank's resources of gold foreign exchange further declined...
Declaring that the Soviet Government faces "a rapidly developing economic and financial crisis," Mr. Delgass called the credit arrangement concluded last April between Germany and Russia " now practically nonexistent as a result of the German financial crisis." But this autumn the hard-pressed German Reichsbank extended $35,000,000 more credit to Russia, informer Delgass notwithstanding...