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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 09, 1986

Page

24

Frank Borman to relinquish control of Eastern Airlines

Col. Frank Borman steps down after an 11 year tenure as chairman of Eastern’s board amid a turbulent period for the carrier. He plans semi retirement in Las Cruces New Mexico to write memoirs and pursue a possible business venture, with son Fred owning a car dealership.

Andrew Miami Eastern Airlines Frank Borman Borman Eastern Las Cruces N.M Fred Col. Borman Jerry Cosley Cosley Ohio Dayton Dad West Point U.S. Air Force NASA National Aeronautics and Space Administration Texas Air Corp Charles Bryan International Association of Machinists Robert Callahan Transport Workers Union Callahan Larry Schulte

Economic indicators and Friday money rates report

National money rates Friday show Telerate index 6.789 for call rates and a 8.50 prime rate. Other figures include Federal funds high 6.8125, low 6.75, commercial paper around 6.7, bank acceptances near 6.6 to 6.77, and Treasury yields 6.40 to 7.64. Meetings listed for Tuesday and Wednesday include financial planning chapters and business associations.

New York Telerate Systems Inc Telerate Federal Funds Finance Company Bankers Acceptances Dealer Treasury

Ginnie Maes Face Losses From Early Mortgage Payoffs

The GNMA mutual funds fall as investors incur declines in principal value. Early payoff by borrowers refinancing high coupon loans drags down yields, despite government backing. High coupon GNMA pools lose capital and see reduced total returns when rates fall.

National Mortgage Association GNMA Prudential-Bache Smith Barney Ginnie Maes

Also Mentioned on This Page

America Eastern Iowa The International Association of Financial Planning Pioneer Village Cedar Rapids Cedar Room Armstrong's Julie Hender Destinations Unlimited Millhiser Smith Agency Oakland Road Steve King Peoples Bank Peoples Eoples Bank and Trust Company Ton Psa Third Ave Westdale People Bank Bank West Mays City
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