Rates guide highlights 1962 savings and investment options
The Federal Reserve Board allows commercial banks to pay up to 3 14 percent on regular savings and 4 percent on long term deposits as of January 1 1962. Mortgages span 5 14 to 5 34 percent while top rated bonds yield 4 4 to 4 3 percent and municipal bonds at 3 14 percent tax free. Savings and loan associations yield 4 14 to 5 percent and the Dow Jones average shows 3 3 percent on common stocks.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Savings and Loan Associations
U.S
Picayune
Financial Institution
Madison Avenue
U.S. Treasury
Your Money's Worth What Your Savings Can Earn Pattern Revamped
Sylvia Porter outlines dramatic shifts in savings yields across the U.S. The piece contrasts high rates at West Coast savings and loan associations with rising bank deposits and bond options, detailing specific returns for U.S. Treasuries, savings bonds, and savings accounts while noting tax implications and varied risk levels.
MENTIONED IN THIS ARTICLE
Sylvia Porter
New York
West Coast Savings and Loan Associations
LAFF A DAY Telegraph Pole Joke
A humorous cartoon caption quips that their telephone bill this month will feature a telephone pole as a line item. The joke hinges on the impracticality of installing or wiring a pole inside a bill.
Soviet Union May Seek Security Council Debate on Iraq War
The Soviet Union signaled it may demand a Security Council meeting to discuss Iraq’s war on Kurdish rebels. Ambassador Nikolai Fedorenko warned in a letter to Morocco’s Ahmed Taibi Benhima, president of the council for July.
MENTIONED IN THIS ARTICLE
United Nations
Soviet Union
Security Council
Iraq
Nikolai Fedorenko
Amhed Taibi Benhima
Council
Fay Bainter Guests as Doctor Who Misses Town Honor
Fay Bainter appears as a doctor on the Donna Reed Show to the town’s disappointment. The episode airs at 7 o clock Thursday night on KCRG TV 9.
MENTIONED IN THIS ARTICLE
Fay Bainter
Doctor Who
Donna Reed
Kcrg-Tv
Philippines Malaya Indonesia to hold Manila summit
Leaders from the Philippines Malaya and Indonesia will meet in Manila for a summit conference running from July 30 to August 2, as announced by the foreign office on Wednesday.
MENTIONED IN THIS ARTICLE
Manila
API
Philippines
Malaya
Indonesia
Foreign Office
Also Mentioned on This Page
Clance
By Jimmy Hatlo
Klebo
Ricky Detective
Thom
California
Drigcraven
Pas Ee Ave
S.E
Sioux City
Sale
First Avenue
16Th Ave
Cedar Rapids
Robinsons
House OF Name Brands
F.E.T
Family Shoe
Wilson
Mais
Omar
Cours
Arnels
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