Word: tightened
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Dates: during 1950-1959
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...authorities. Pravda, Kommunist and other Russian periodicals have given it long, laudatory reviews; but more important, perhaps, the novel's overwhelming success will undoubtedly be taken as the people's mandate to chill the intellectual climate several degrees below freezing. Pasternak's case has already prompted the Kremlin to tighten the reins, not only in Russia, but throughout the Communist world...
...Federal Reserve Board last week approved a discount-rate hike from 2% to 2½% for five of its district banks, but for reasons that had little to do with the threat of inflation. The hike was not designed to tighten credit, explained the Fed, but to bring the central bank rate in line with other short-term rates. Reason: the average yield on Treasury bills has been running three-quarters of 1% above the Fed's 2% discount rate, making it possible for commercial banks to borrow from the Fed at 2% and invest in Treasury bills that...
...Bring me that helmet there," directed another polo princeling, "and tighten the strap...
...borrowing was the fact that Secretary Anderson did not issue any bonds. He thought the market was too shaky to sell them at a reasonable price. By selling only short-term securities, he is bound to ease credit at a time when the Federal Reserve Board is trying to tighten it. Normally, most of the short-term securities sold by the Treasury are bought by commercial banks that, in turn, can use them as collateral to borrow from the Federal Reserve to make additional loans, thus increase credit all around. However the Treasury is hopeful that most of the securities...
...speculative binge that had boosted the price of U.S. bonds (TIME, June 30). Many, gambling on a continued rise, bought the new bonds with nothing down. But in June it also became plain that the recession had hit bottom and the FRB might have to tighten credit. Bond buyers saw the promise of higher interest ahead and dumped their holdings. The speculative bubble burst. As prices fell, the yields reached as high as 3! on Government bonds. The Government bond market turned so weak that when the Treasury floated a $16.3 billion issue of one-year certificates...