Government securities decline in 1960s to 1970s bank portfolios
A Federal Reserve Kansas City Monthly Review article by Dr. Thomas Davis analyzes sharp declines in U S government securities within bank portfolios during 1960 to 1970. It notes a shift toward higher-yield loans and municipal notes, slower federal debt growth, and district differences, with smaller banks retaining government holdings as a key secondary reserve.
MENTIONED IN THIS ARTICLE
Socare
Thomas &. Davis
Federal Reserve Bank of Kansas City
U.S
Federal Reserve District
Colorado
Kansas
Nebraska
Wyoming
Oklahoma
New Mexico
Missouri
Federal Reserve
U.S. Treasury
Tis
Ger
Treasury
Columbus Construction Keeps Pace with Permits in July
Building Inspector Allen Aggert reports July permits totaling 55 for Columbus. Four single family dwellings issued, with repairs, garages, and other work bringing the month’s value to 134,140. Year-to-date permits reach 208 for 2,039,798 versus 370 permits and 2,540,531 last year.
MENTIONED IN THIS ARTICLE
Columbus
Allen Aggert
Thompson promoted to manager at Associated Financial Services Kansas
Business veteran Voteshon Millard E Thompson former Columbus resident has been named manager of the Associated Financial Services Company of Kansas office in Kansas City Kansas He has 14 years in finance previously serving as assistant manager at Yankton DC and earlier as manager of Securities Investment in Yankton and associate at United Finance in Columbus He and his wife Bernice Hecker and children reside at 560 North Street Kansas City Kansas Also Archie Gustafson 39 a development supervisor at Nebraska Public Power District Columbus Office received a jeweled service emblem for 18 years of service He began as an appliance repairman at Lincoln Aug 1 1855 later becoming salesman residential dealer representative and new business representative before his current post Since 1968 he works in Columbus Area residents Lavern Boss and Dennis Mth received Cargill Agricultural Awards for outstanding community service at Iks Intry Club Columbus for their year in selling Cargill seeds The award dinner also highlighted 11 new Cargill N hybrids for the sales year
MENTIONED IN THIS ARTICLE
Millard E. Thompson
Columbus
Associated Financial Services Company of Kansas
Kansasity
Kan
Thompson
Associates
Yankton
D.C
Securities Investment Company
Associated
United Finance Company
the Elks Lodge
American Legion
Welfe
Bernice Hecker
S60
North Street
Kansas Ciy
Archie E. Gustafson
Columbus General Office
Nebraska Public Power District
WPPD
Lincoln Aug. I
Lavern Boss
Dennis Mth
Cargill Agricultural
Iks Intry Club
Cargill
Shelby
Nebraska Prudential agents hold planning meeting in Omaha
General Manager William L. Okon of Omaha hosted the annual planning meeting of the top of Nebraska Prudential special agents Tuesday at Elks Courby Club. Representatives from Omaha, Lincoln, Fremont and Grand Island attended, as well as Columbus special agent Clarence Wilken. Harold Krumland, manager of Boulevard Lacs, named his son Mandy as assistant immacver in charge of sales and promotion at Boulevard Lanes. Formerly of Columbus, Randy Krumland returns from Lincoln where he worked with KLIN Radio. Randy, his wife Judy, and year-old son Ross reside at 2766 Fairlane Avenue.
MENTIONED IN THIS ARTICLE
William L. Okon
Omaha
Nebraska
Prudential
Elks Courby Club
Lincoln
Fremont
Grand Island
Columbus
Clarence Wilken
Harold Krumland
Boulevard Lacs
Mandy
Immacver
Boulevard Lanes
Randy Krumland
Klin Radio
Randy
Judy
Tross
Fairlane Avenue
Laughlin Heads Kentucky Fried Chicken in Columbus
Laughlin operates a Kentucky Fried Chicken at 1201 23rd Street managed by Ronald Laughlin with his wife. Open daily 11 am to 10 pm, the restaurant seats 30, offers takeout and catering, and plans a grand opening this fall with 74 parking spaces and 19 employees.
MENTIONED IN THIS ARTICLE
23Rd Street
Ronald Laughlin
Laughlin
Norfolk
Madison
S.C
Sioux City
Iowa
Columbus Enterprise
Willy
Kentucky Fried Chicken
Proposed Butler County Budget Adopted by Board
The Butler County Board of Supervisors adopted a budget of 1 104 584.43 for the coming year. The mill levy was raised to 3.30 and the relief fund was reduced from 10 178.92 to 633.92. Delinquent tax figures were adjusted from 126.21 to 172.08, and the current property tax requirement rose to 8 requested. The county mill levy now stands at 87, up from 8 86, marking an increase from the previous year.
MENTIONED IN THIS ARTICLE
David City
Butler County
Board of Supervisors
Dean Shuebing
Morton named acting director of Lincoln Veterans Hospital
Gaylord Morton named acting director of the Lincoln Veterans Hospital pending a permanent appointment in mid September. The former Grand Island VA Hospital director Dr Lad J Kucera died July 19, and J Melvin Boykin retired last Saturday. Morton had served as hospital assistant director since May 1970.
MENTIONED IN THIS ARTICLE
Lincoln
UPI
Gaylord ‘Morton
Lincoln Veterans Hospital
Lad J. Kucera
Grand Island VA Hospital
Ane Incoln
J. Melvin Boykin
Lincoln Hospital
Morton
Wall Street Charters Mixed Signs for Second Half
New York reports show Wright Investors Service noting profits resurgence in the second quarter, with cautious base-building likely before a real market turnaround. Harris, Upham flags momentum lacking after early year rallys. Edward A Winner notes investor reluctance and selective oil and gas bets. Paine, Webber, Jackson & Curtis anticipate final quarter improvement with possible fiscal stimulus.
MENTIONED IN THIS ARTICLE
Harris
Upham
Edward A. Winner & Co
Third Quarter Outlook Indicates Modest Economic Recovery
Wellesley Hills Massachusetts midquestion of 1948-49 recovery, with an upturn in 1971. The report notes improved residential building and consumer spending, but stresses soft spots in capital investment, unemployment, and inflation. Government spending will rise. GNP may gain mildly while capital spending stays flat and employment inches up. Consumer demand could improve if strikes are limited and incomes rise.
MENTIONED IN THIS ARTICLE
Wellesley -Hills
Mass
Spraying to Control Sleeping Sickness Nearing Completion
Washington officials expect to finish spraying 7 million acres in Texas and Louisiana next week to curb mosquitoes linked to an outbreak of sleeping sickness among horses. Dr. Francis J. Mulhern of the Agricultural Research Service noted over 1 million horses have been vaccinated across Texas Louisiana Arkansas Oklahoma and New Mexico.
MENTIONED IN THIS ARTICLE
Washington
UPL
Texas
Louisiana
Francis J. Mulhern
The
Agricultural Research Service
Arkansas
Oklahoma
New Mexico
Harris to decide by October if he will enter race
Senator Fred Harris of Oklahoma says he will decide by October whether to seek the Democratic presidential nomination. He spoke at Eppley Air Field in Omaha and criticized John Connally for tax relief favoring big corporations over workers. Harris noted encouragement from Florida New Mexico and Colorado and said if he runs he will enter Florida New Mexico and California primaries, not Nebraska yet.
MENTIONED IN THIS ARTICLE
Omaha
UPI
Fred Harris
Dooklay
Harris
Eppley Air Field
Treasury
John Connally
Nixon
Connally
Texas
Florida
New Mexico
Colorado
California
Nebraska
London youth cleared of housebreaking after 870 days
Glance Bot tal, 19, reported to a police station daily for 870 days while on bail and was cleared of a housebreaking charge when the case went to court. The prosecution offered no evidence. Judge Henry Elam quipped that the police must have grown tired of him and awarded Boltali 10 sounds of public fonds.
MENTIONED IN THIS ARTICLE
London
Glance Bottal
Henry Elam
Boltali
Public Fonds
Bees Halt Flight as Cold Temps Freeze Movement
A UPI report notes bees lose ability to fly below 50 degrees Fahrenheit and become immobile at around 45 degrees, affecting activity thresholds and foraging behavior.
MENTIONED IN THIS ARTICLE
United Press International
FPC Approves Northern Natural Gas Rate Increase
The Federal Power Commission grants Northern Natural Gas Co. authority to raise its total and natural gas sales by 22 million dollars each year, effective under the commission’s ruling.
MENTIONED IN THIS ARTICLE
Omaha
UPT
Federal Power Commission
Northern Natural Gas Co
Retirement decision feelings guide better moves
Carlton Smith reviews an AARP guide urging retirees to weigh emotional factors and practical housing options before moving or staying put. The booklet outlines ten housing types, checks pros and cons, and offers a truth revealing self assessment. It emphasizes independence, avoids age bias, and invites readers 55 plus to join with a $2 three year dues.
MENTIONED IN THIS ARTICLE
Carlton Smith
American Association of Retired Persons
AARP
Connecticut Ave. NW
Washington, D.C
Northeast men uncover 23 antique cars on farm estate
Three Northeast Toowa men discover a cache of 23 antique automobiles on the estate farm near here. Among the finds is a 1905 Winton touring car, one of only two known to exist. Cars range from 1905 to 1951 models. several buried or hidden in trees. Auction set for September 18 with many vehicles likely operable after restoration. Included are a 1951 Chevrolet with just 43 miles, a 1926 and 1927 Whippet coupes, and a 1919 Hudson six roadster.
First at Seward dairy show sparks young winner
SEWARD Nebraska UPI Carly Snell seven of Denton won first place in showmanship at the Nebraska Iowa District Dairy Show. A total of 192 entries were listed with 40 purple ribbons 63 blues 61 reds and whites awarded. Debbie Fretketick sixteen of rural Lincoln was chosen as queen of the shaw.
MENTIONED IN THIS ARTICLE
Seward
UPI
Carly Snell
Denton
Debbie Fretketick
Lincoln
Shaw
Also Mentioned on This Page
Wall Street Charter
New York
Wright Investors Service
Babson's
Sy United Press. International
Atlanta
Boston
Charleston
Chicago
Denyer
Des Moines
Indianapolis
Memphis
Miami Beach
New Minn
Paul
Orlando
Phoenix
Pittsburgh
Portla
Ile
Portland
Ore
Raleigh
Richmond
SL. Louis
Lake City
San Francisco
Seattle
Spokane
Wichita
Pyare Cem Lyerey the
A. B. Dicketonalt
Abdick
Roger W, Cooley
Phonon
Walk Street
Columbars
Ion
Rathe Rest
Columbus Berk and Trust Co
Columbus Bank
Federal Deposit Insurance Corporation
Pa Tagel Ty Rey
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