Word: surpluses
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Dates: during 1930-1939
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...Hull's reciprocal trade agreements, directly resulted from cotton's tragic predicament: 1) cotton exports for the season ending July 31 were 3,400,000 bales, smallest in 60 years; 2) Mr. Wallace is still holding the bag on 11,300,000 bales of cotton, the accumulated surplus; 3) in three weeks cotton-pickers will begin plucking 1939 bolls for a new unwanted, unsalable crop expected to total about 12,000,000 more bales...
...losses of 16% of the deposits of 252 insured banks that closed or were taken over. Meantime FDIC has taken in $167,400,000 ($124,200,000 of it from ½ of 1% assessments on bank deposits, $43,200,000 from its investments and profits). Result: FDIC has a surplus of $131,244,960, of which $36,043,673 was added last year...
...this surplus is no comfort to Chairman Crowley. He wrote an indictment of the present state of the U. S. banking business: for 75 years the ratio of bank capital to assets and to deposits has declined. Now the number of banker-owned dollars which protect the public's deposit dollars is at a new low-about...
...would go out of business. Its 300 corn-belt customers were invited to come and get their $267,000 on deposit. To its depositors, the bank promised full payment, to its stockholders, the $10,000 capital they put up 33 years ago to found the bank, plus $21,000 surplus and undivided profits, $11,000 in real estate. Yawning, the local farmers let their money be, figuring that they would take their 2½% interest as long as possible...
...Sturdy French Algerian and Tunisian farmer in one of Rome's old granaries had their crops gathered, their barns bursting with a big wheat surplus before harvest began in France. There it was three weeks late because last autumn's freezes killed out 25% of the winter wheat which then had to be resown. Adequate snowfalls and spring rains helped, but the French wheat crop will be well under last year's, though ample for French needs even had 268,000,000 bushels not been carried over. The great French need was not wheat but field-hands...