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Administration Would Control Savings Accounts Dividend Rates
Congress learned Wednesday that the administration plans to seek standby authority to limit maximum dividend rates and strengthen insurance coverage for deposits and share accounts. Federal officials testified that any bill should include safeguards on reserves liquidity and conflicts of interest along with rate controls.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
Wright Patman
D-Tex
Joseph P. McMurray
Federal Home Loan Bank Board
Erle Cocke Sr
Federal Deposit Insurance Corp
Ing
McMurray and