Small changes eyed for money market fund accounts
Depository Institutions Deregulation committee reviews small alterations in new money market fund type accounts for banks and thrifts with effect Dec 14. Treasury to set new savings rates this afternoon. Fed report hints at consumer sentiment. Upcoming economic releases include plant and equipment spending, producer price index, and November retail sales. Local professional meetings feature Five Seasons Quality Circles and Northeast Iowa ASME events with speakers from Rockwell International and Four Winds Glider Sports. Reservations required.
MENTIONED IN THIS ARTICLE
Depository Institutions
Washington
Treasury Department
Federal Reserve System
Commerce Department
Labor Department
Five Seasons
International Association of Quality Circles
Longbranch
Mike Allen
Rockwell International
Northeast Iowa
American Society of Mechanical Engineers
Antonio Garcia Brown
Council St
Cary Colton
John Ott
Major new bond issues scheduled for sale week of December
Bond calendar lists 580 million Republic Airlines convertible debentures and 80 million Texas Commerce Bancshares debentures among offerings. Includes 110 million California HFA mortgage revenue bonds and 125 million Delaware County LD A notes. UPI report notes rates: prime 11.50 percent, CDs 8.30 to 8.80, T-bills 7.82 to 8.29, broker calls 10.00 to 10.50.
MENTIONED IN THIS ARTICLE
Salomon Brothers
United Press International
U.S
Texas Commerce Bancshares
Jim Walter
Alco Standard
Tures
Montana-Dakota Utilities
California
H.F.A
Delaware County
Ld.a
Harris County
New York
UPI
U.S. Treasury
Rural consultant finds big future in decentering industry
Brian R. Smith of Fitzwilliam New Hampshire says rural management consulting offers strong prospects as industry decentralizes and small town firms seek expert guidance. He notes a need for honest client fit and early morning work rhythms while recounting a career that spans Sylvania IBM the Pentagon Vietnam and firms in Carlisle and New Hampshire.
MENTIONED IN THIS ARTICLE
New York
UPI
Boondocks
Brian R. Smith
Fitzwilliam
N.H
Smith
Consultant News
Fitzwilliam, N.H
New Hampshire
Boston
Sylvania
Merrill Lynch patent clash roils cash management accounts
Merrill Lynch asserts a patent on its Cash Management Account and pursues licensing. Paine Webber and others challenge the claim in court, arguing the patent is invalid. The dispute centers on data processing and customer features across eight major cash management accounts and could affect about 1.2 million CMA-style customers and roughly $50 billion in assets.
MENTIONED IN THIS ARTICLE
New York
Merrill Lynch
Pierce, Fenner & Smith
Paine, Webber, Jackson & Curtis Inc
Paine Webber
Delaware
Robert Benmoshe
Wall Street Journal
Prine Webber
Benmoshe
CMA
Wall Street
Knock on Wood Kit Sells Luck In Modern Times
Newport Beach firm M Peacock Inc plans a national $3.95 Knock on Wood kit with a wood disc and tape to place for luck. Founders Mark and Marji Peacock sent a kit to Secretary Baldrige who replied it is a cute idea and he probably needs it on his Cabinet chair.
MENTIONED IN THIS ARTICLE
Bill Munsell
Cedar Rapids
Young & Rubicam
New York
Houston
Texas
Cincinnati
Ohio
Kansas City
Tampa-St. Petersburg
Orlando
Florida
Rochester
N.Y
United States
Creswell, Munsell, Fultz & Zirbel
Merrill Lynch
Roger E. Birk
Prudential Bache Securities
George Ball
M Peacock Inc
Newport Beach
Calif
Mark and
Marji Peacock
Malcolm Baldrige
Los Angeles Times
CME posts record November volume at CME Chicago
CME Chicago reports 3,050,059 contracts traded in November, a 35.8 percent rise from 1981. For 11 months, 30,773,889 contracts moved, up 37.6 percent. S&P 500 futures led with 515,625 contracts. since listing April 21, nearly 2 million S&P futures have traded, a CME record.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Chicago Mercantile Exchange
Standard & Poor
CME
Also Mentioned on This Page
Republic Airlines
Public Service E.&g
Texas-New Mexico Power
National Fuel Gas Co
Oconee County
S.C
Regents
Univ. of
Minnesota
Alabama
Mass. Health and Education Facility Authority
Broward County
Fla
Cook County
Ill
Port Authority of
New Jersey
Philadelphia
Peninsula Ports Authority
Seattle, Wash
Municipal Power Light
Telerate
By LeRoy Pope
Initngerege International
C.R. Executive
University of Pittsburgh
International Business Machines Corp
IBM
Defense
Robert McNamara
Pentagon
Army Corps of Engineers
Vietnam
Carlisle
New England
Westmoreland
Jim Kennedy
Merrill Brown
AR Post
Millhiser Smith Agency. Inc
Oakland Road
Susie Lesbeau
Gazette