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Banks and S&Ls Competing Despite Rules
New York AP reports that Regulation Q keeps savings banks from competing with commercial banks by offering 5.2 percent on deposits while 5 percent is allowed for banks. Yet corps and the government seek funds from small savers, with high rate notes and U.S. government offerings, risking housing finance and inflationary pressures.
MENTIONED IN THIS ARTICLE
New York
Savings Banks
Savings and Loan Associations
Citicorp
First National City Bank