Mutual Banks Enter Mutual Fund Field Amid Legal Turbulence
The Fund for Mutual Depositors begins selling through 65 savings banks in nine states starting August 4. The new fund faces scrutiny over regulatory risks and potential lawsuits tied to existing rules on commercial banks offering commingled accounts. Industry leaders note registration requirements for prospectus handouts and consider potential conflicts with the Securities Act of 1933. Smith, Barney & Co. acts as adviser with fees offset by commissions, a move that could reignite debates about mutual fund access to the Big Board and broker rebates.
MENTIONED IN THIS ARTICLE
Mutual Fund
Muutual Depositors, Inc
Investment Company Institute
The
Mutual Fund Trade Association
Congress
Rachel Augenblick
ICI
National Association of Securities Dealers
Securities & Exchange Commission
Fund For Mutual Depositors
Smith, Barney & Co
New York Stock Exchange
Smith
Barney
George L. Nye
WYSE
Num
Clergymen Transforming Into Business Leaders
A cleric argues that ex clergymen bring human sympathy and discipline to business. They blend seminary training with executive roles, proving profit and care can align as they tackle emotional and organizational challenges.
MENTIONED IN THIS ARTICLE
Simon Leprees
Drafting careers and market outlook for women in 1960s
The article discusses women entering drafting, citing AMI and AFTE views that women can enter with proper training and that discrimination is not evident. It covers automation’s impact, education paths, and job prospects, with figures on pay and duties, plus a note on Kaiser Aluminum price changes.
MENTIONED IN THIS ARTICLE
Bullentin
Manpower Administration
Labor Dent
Washington, D.C
Oakland
Kaiser Aluminum & Chemical Corp
State Farm reports half year underwriting loss in 1969
State Farm Mutual posts a first half 1969 underwriting loss of 34.83 million dollars, reversing 1968 gains. Investment income barely covers the loss, while securities declines shrink policyholder surplus to about 458.27 million. Total premiums and fees rise above 693 million, with 12 million vehicles insured and life insurance in force surpassing 7.56 billion.
MENTIONED IN THIS ARTICLE
Bloomington
Ill
State Farm Mutual
State Farm Life
State Farm Fire and Cague Ally
United States
State Farm Life and Accident Assurance Co
Wisconsin
New York
State Farm General
Financial Highlights from Sunday Edition
Financial highlights for Sunday edition dated August 10 provide brief summaries of market movers. Details include notable stock movements, dividends, and key economic indicators. The report emphasizes investors' reaction to earnings and macro data, with brief commentary on volatility and sector leaders.
IBM split fuels exodus of staff as firms raid
IBM ends sale and rental of computers separate from services and software. The move accelerates middle managers and technicians leaving IBM, with federal suits over its package deal policy adding to the upheaval. Cambridge shifts toward facilities management and tailored systems, drawing from IBM’s talent pool.
MENTIONED IN THIS ARTICLE
IBM
Pike
Cambridge
Kehne
Etition
Kehoe
New York
UPN
International Business Machines Corp
Cogar Uner Services. Corp
Cogar
John Kehoe
Cam
Ibridge Computer Corp
News
York
Conn
John Muldown
Total Data Pro
Tiny Transmitter Reads Sengars Inside Vessels
Honeywell's Industrial Division in Fort Washington Pennsylvania develops a small transmitter that detects readings from minus 40 to 2500 degrees Fahrenheit inside processing vessels and relays them to a control center for monitoring and safety.
MENTIONED IN THIS ARTICLE
Honeywell
Fort Washington, Pa
Also Mentioned on This Page
Nona Hoover
B. F. Goodrich Co
Savings Bank Plan
Ber
Joyce Lain
Miss Lain
Royal Typewriter, Co
Albert F. Pearsons Jr
Marblehead
Mass
AMERICAN —_ INSTITUTE for Design and Drafting
American Federation of Technical Engineers
Wome
American Institute For Design and Drafting
Kaiser
Big State Farm
Leroy Pope
Vshl Comspeny
Qleey Eushaek
Ystems
Lombridge
Frank Triolo
William Huter
Michael Fierre
Sant Manufacturing
Dickson Bain
Edward Hurd
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