Weekly economic and auction notices and local society meetings
A summary of upcoming economic reports due this week from various departments and agencies including July inventories and sales, August production, housing starts, and personal income. Also local professional society meetings in Cedar Rapids and related speakers from Eastman Chemical and Legal Services Corp. plus public sale issue listings for September 14 week and notes on bids from U S agencies and several tax exempt and municipal notes scheduled through September 1981 and October 2001.
MENTIONED IN THIS ARTICLE
Agriculture Department
Commerce Department
Cedar Rapids
National Association of Accountants
Longbranch
Doug Shull
Certified Public Accountant
Indianola
Iowa
Society of Plastics Engineers
Sheraton Inn
John A. Scott
Eastman Chemical Products
Greater
Cedar Rapids and Marion Home Builders Association
Sirloin
Horace Webb
Iowa Electric Light and Power Co
American Society of Mechanical Engineers
Harnischfeger
Harnischfeger Drive
Johann Ott
Eastern Iowa Personnel Association
David Challad
Legal Services Corp
Bob Coffin
United Press International
U.S
U.S. Treasury
Milion Brooklyn Union Cars
Milion General Telephone Co Southwest
New York City
Hopewell Industrial Development Authority
Virginia
Phiquemine
Laport
Seward
Sedewick
Salina
Kansas
Los Angeles
All Savers certificate attracts intense government interest
Government officials and banks report unprecedented inquiries about the All Savers tax exempt certificate set to go on sale Oct. 1. The 12.61 percent yield plus the first 1000 dollars of interest tax free for individuals or 2000 for couples could beat other low denomination deposits, with higher returns for higher incomes. The program runs from Oct. 1 to Dec. 31 next year to spur small savers and revitalize mortgage lending.
MENTIONED IN THIS ARTICLE
Washington
Savings and Loan
Treasury
Savings and Loans
Treasury Department Public Affairs
Congress
ASC
All Savers Certificate questions and answers overview
Questions and answers from the United States League of Savings Associations explain the All Savers Certificate ASC features including one year term, 70 percent of one year Treasury yield, eligibility window through 1982, and a tax exclusion up to 1000 single and 2000 joint. The text outlines advantages for savers and relative to money market funds, tax rules, denominations, and timing of yield adjustments.
MENTIONED IN THIS ARTICLE
United States League of Savings Associations
Trade Association of Savings and Loan Associations
U.S. Treasury
ASC
Treasury
All Savers Certificates Tax Exemption Details and Limits
The text explains how ASC exemptions work with examples showing required savings to gain tax free interest at various rates. It covers eligibility limited to individuals and estates, penalties for early withdrawal, treatment of pre maturity interest, using ASCs as collateral, and allocation rules for funds. B K Johnson complains about new arrivals to Houston as context.
Also Mentioned on This Page
Pennsylvania
Missouri Environmental Improvement Authority
Honolulu
Hawaii
San Antonio
Texas
Electric and Gas
North Carolina
By Denis G. Gulino
UPI
D.M. Mooney
Kansas City Board of Trade
Savings and Loan Associations
Ascs
B.K. Johnson
Houston
Texas City
Kent
Advance
Hoover Industrial
Holt
Hach Bros. CO. Inc
First Street
Millhiser Smith Agency. Inc
Oakland Road