Word: sav
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Dates: during 1950-1959
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...Relaxed Federal Home Loan Bank Board regulations to permit insured sav-ings-and-loan associations to spread more of their loanable funds over a larger geographical area. Formerly, the associations were limited mostly to mortgages on homes within 50 miles from their main office; new rules will allow them to put 20% of their funds into conventional loans made by other insured associations anywhere in the U.S., provided the original lender keeps half interest...
...credit pinch grows tighter, U.S. bankers are working harder than ever before to build up a new pool of capital from the humble sav ings account. While U.S. consumers have been saving between 6% and 7% of their income after taxes in the past few years, the savings fell considerably short of the amount bankers estimate they need to replenish their lendable funds. In an all-out effort to pull in more savings, the bankers are revolutionizing U.S. banking methods. Gone is the old-fashioned banker of granite mien and glassy-eyed stare...