Word: withdrawals
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Cincinnati, nervous depositors formed lines up to a block long and even slept on sidewalks overnight while waiting to withdraw their savings last week. Ohio Governor Richard Celeste finally stepped in and declared a three- day bank holiday for 71 savings and loan associations, probably the most extensive closure of U.S. financial institutions since the Great Depression. In Memphis, board of education officials were anxiously checking their investments. Elsewhere, communities from Beaumont, Texas, to Pompano Beach, Fla., were badly shaken...
...Home State Savings Bank (assets: $1.4 billion), which may have lost up to $150 million as an E.S.M. investor, was shuttered by state banking authorities after a run on its deposits. That triggered a statewide panic when depositors at other thrifts, which had no dealings with E.S.M., rushed to withdraw their money, fearing that their savings were in jeopardy. At mid-week, the Ohio legislature created a $90 mil- lion emergency fund to supplement insurance for the savings and loan associations, but even that soon seemed inadequate in the face of mounting withdrawals. When he declared the bank holiday...
Moments later, Democratic Congressman Peter Kostmayer of Pennsylvania made his own overheated addition to the fray by charging that "there is a lot of Red-baiting going on" over Nicaragua. Snapped Shultz: "I am here at the invitation of the committee. If you want to withdraw the invitation, I have lots of other things...
...Jordanian-P.L.O. delegation to negotiate for Palestinian rights within "the proposed confederated Arab states of Jordan and Palestine." Though the accord does not specifically demand the creation of a separate Palestinian state, it offers little incentive to Israel to enter negotiations. Hussein and Arafat call upon Israel to withdraw from all occupied Arab territory--the West Bank, Gaza, East Jerusalem and the Golan Heights--but do not promise to recognize Israel in return. While the accord vaguely alludes to a "comprehensive peace" based on U.N. resolutions, it does not specifically refer to Security Council Resolution 242, which implicitly acknowledges...
...funding, which accounted for 25% of the annual budget, has plunged UNESCO into a financial crisis. To make matters worse, Britain and Singapore have announced that they will pull out at the end of the year. West Germany, Belgium, The Netherlands and Denmark have also threatened to withdraw if reforms are not made quickly, and Japan and Canada have hinted they too might leave...