Banks Set to Enter 1966 Confidently Amid Rate Hikes
Banks head into 1966 with higher prime rates and plans for continued lending growth. The 5 percent prime follows a FRB rate rise, while profits for 1965 rose 8 to 10 percent as banks expand through computerization, fee services, and interbank competition. Legislative debates on mergers and branch divestitures shaped the year, with Chase Manhattan’s charter shift and First National City Bank’s dominance noted as industry milestones.
MENTIONED IN THIS ARTICLE
NEW Yorka
UPI
Commercial Bank
Federal Reserve Board
White House
National Association of Purchasing Agents
Frito
Congress
Robertson
Justice Department
Department
FRB
Chase Manhattan Bank
Bank
Chase National
the Manhattan Co
Chase
First National City Bank of New York
Trade groups raise quality with material gradings
New York UPI reports home buyers face a crowded market of building materials but grading programs from trade associations like the Tile Council of America and American Plywood Association promise clearer choice. Independent labs verify standards, promising durable, high quality products amid rising competition.
MENTIONED IN THIS ARTICLE
New York
UPI
Tile Council of America
Trade Association of Domestic Ceramic
U.S.A
U.S
American Plywood Association
National Concrete Masonry Association
Architectural Aluminum Manufacturers Association
National Ready-Mix Concrete Association
Tile Council
Francis L. la
More Federal Support For Private Housing
The new Department of Housing and Urban Development oversees a $73 billion investment with most support going to private home ownership through FHA mortgage insurance. Public housing, slum clearance, and related programs total far less, with 725,000 units built at $7.2 billion aided by federal funds.
MENTIONED IN THIS ARTICLE
Washington
UPI
Department of Housing and Urban Development
FHA
Public Housing Administration
PHA
Urban Renewal Administration
URA
Should you include a separate dining room in new homes
New York based UPI reports a shift away from combined living dining areas toward separate dining rooms, though experts say such rooms are often more about status than utility. Henry O. Radloff of B. Brody Seating Co. notes many families use dining rooms infrequently, with 93 percent eating breakfast in the kitchen and only 27 percent using dining spaces for the main meal. He warns separate rooms are larger and less used, yet still appeal for formality and privacy, especially for entertaining, while living-dining areas can be more flexible.
MENTIONED IN THIS ARTICLE
New York
UPI
Henry O. Radloff
B. Brody Seating Co
Chicago
Radloff
Also Mentioned on This Page
Stratton Mountain
Ringheiser
Banks
American Bankers Association
Manufaccturers Hanover Trust Co
Mater
Ials
A‘ Ram
Bill
H. Greenberg & Son, Inc
Main ST
DIAL
Bennington
Aks
Pratt ST
Roofing & Sheet Metal CO
Gerald E. Morrissey
General Contractors
Beech St. Bennington
Main Street
THE
Vermont Bank Et Operate
Member
Federal Deposit Insurance Corporation
Shakertown
Beauty
A.J. Dewey & Sons
AGWAY
Agway Petroleum Corp
Max Perrotta
Mgr
Ben Mont Ave
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