Repayment of Time Debts High
Americans monthly debt payments are 11 percent higher than a year ago while bank loans to commercial and industrial concerns rose by 51.4 billion since January. Banks have been net borrowers from Federal Reserve banks for 12 weeks to meet loan demand. Delinquency in installment loans rose little, but repayments absorb 14 percent of disposable income and new installments pledge 16 percent, a record high. Bankers say the rise reflects a broader upswing and is manageable for most families unless a shock hits. The loan rise is driven by retail stores, utilities, transportation, apparel, and durable goods firms as profits and cash flow improve from larger depreciation write-offs. First barbed wire appeared in 1872. big-scale manufacturer Joseph Glidden of De Kalb, Illinois.
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Sam Dawson
AP Business News
NEW York (Ap
New York
Federal Reserve Banks
Federal Reserve
LBJ Pushes For Women in Federal Jobs
President Johnson amplifies efforts to place women in top federal roles. Patricia Roberts Harris is named ambassador to Luxembourg, the third woman chosen for such posts. Johnson notes sexism in awards, cites 10 men honored in a White House ceremony, and recalls earlier steps expanding women into government positions. Overall, about 90 women hold executive roles, with many more promoted to high-paying posts in 1964.
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Washington
Johnson
John W. Macy
U.S. Civil Service Commission
Patricia Roberts Harris
U.S
Luxembourg
White House
Texas
Sarah T. Hughes
John F. Kennedy
Women’s
National Press Club
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