Board Chairman Proposes Self-Discipline to Ease Tight Money
Federal Home Loan Bank chair John E. Horner argues savings and loan associations should hold more cash and liquid securities to lend during tight money periods. He says the plan reduces current earnings but provides long term flexibility to lend at higher rates when funds are scarce, potentially yielding more than other reforms. Also notes Fairdale Farms installs a large insulated milk tank to expand processing after acquiring Pittsfield Milk Exchange, boosting volume by 40-50 percent.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Home Loan Bank Board
John E. Horner
Savings and Loan Associations
Horne
Treasury
Pension Fund
Fairdale Farms
Pittsfield Milk Exchange
Fairdale
Bennington
Massachusetts
Lower Mortgage Rates Foreseen in July
The Federal Home Loan Bank Board cut its lending rate to savings and loan associations, prompting speculation that mortgage rates may fall. But S and Ls rely mostly on public funds, and any major rate drop hinges on lower borrowing costs from the public and depositors. If banks ease savers’ rates by July, S and Ls may reduce mortgage charges accordingly.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Home Loan Bank Board
Savings and Loan Associations
Uncle Sam
Hoosick Church Plans Final Gab-Lab on Sex
Hoosick and West Hoosick youths will gather at Hoosick Baptist Church for the final gab-lab in a three part series on Sex A Moral Dilemma. The program uses a filmstrip set produced by Guidance Associates and narrated by Dr Mary S Calder. It features unrehearsed teen interviews and leaders involved with youth. The series concludes that sex is a difficult issue for both adults and teenagers.
MENTIONED IN THIS ARTICLE
Hoosick
N.Y
West Hoosick
Powers Urges New Look At SBA Role
Lawrence F Powers of North Bennington urged Vermont bankers and merchants to reexamine the Small Business Administration and its role in the current business expansion. He spoke after attending a two day National Advisory Council Conference in Washington and cited SBA loan programs and higher ceilings as aiding growth. The week of May 21 27 marked the fourth annual National Small Business Week proclaimed by President Johnson to honor 4.8 million small businessmen.
MENTIONED IN THIS ARTICLE
Lawrence F. Powers
M. F. Powers & Sons
North Bennington
Vermont
Small Business Administration
Powers
SBA
National Advisory Council
Washington, D.C
Bernard L. Boutin
Johnson
Also Mentioned on This Page
East Lansing
Mich
C.M. Harrison
Michigan State University
Nina Maaan Ee Ayy
Griffin Electric Co., Inc
Main St
E.A. Garneau
East Arlington
Terry Tyler
Dorset, Vermont
Thurlow Sales
Wallingford
Bank AL Easy
Vermont Bank
Brattleboro
Rutland
Bellows Falls
Chester
Manchester Center
H. Greenbenberg
Mckinley Street
DIAL
Hoosick Church
Owen
Gerald E. Morrissey
Beech Sr
Bennington, Vt
Triple ‘‘S
Grand Union Empire
Butler Building Contractors
North ST
Air Aan
Southern
Depot ST
Benn
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