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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 13, 1963
Page
12
Sylvia Porter reports that a Chicago bank will issue monthly statements detailing all customer transactions across bank departments on one sheet. The article notes the growth of the bank at work plan with deposit slips, loan forms, and mail banking, now offered by over 800 U.S. banks, plus paying-agent services for automated bill payments.
The American Bankers Association notes a banking revolution driven by competition and computer growth. Banks now offer automatic savings deductions, one check payroll, no check payroll, and tailored services from physician ledgers to secretarial assistance. They foresee banks becoming cradle to grave bookkeepers handling incomes, bills, and family funds, potentially obsoleting personal checking and family budgets.
Brooklyn Legion post chooses Mike Law and Mike Maschmann as delegates to Boys State this year marking a local civic outreach effort.
Labor Secretary Wirtz criticizes Gov. Rockefeller for the unemployment assessment. Venezuelan President Betancourt warns of a choice between development or chaos as a path for Latin America. Evidence from 1962 Echo Spring Distillery publication.
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