Bank fees rise as rates plunge survey finds high costs
The Consumer Federation of America and U S Public Interest Research Group report that average annual cost of a regular checking account rose to 184 16 this year from 155 39 in 1990 an 18 5 percent increase. They warn lower-income shoppers face higher barriers as banks cite rising costs and insurance fees.
MENTIONED IN THIS ARTICLE
Washington
Consumer Federation of America
U.S
Public Interest Research Group
Chris Lewis
Federation
Federal Deposit Insurance
Hall
Congress
U.S. Public Interest Research America Group
The
Consumer Federation of
Local Markets Morning Quotes From Midland Elevator and Midwest Livestock
Midland Elevator Lawrence lists wheat 2.83 corn 2.09 milo 3.37 and soybean 5.64. Omaha livestock market quotations show hogs 1400 at 49.00 to 49.25 for 220 260 lb, sows up to 50 higher, cattle and calves steady to higher, steers 1 050 1 250 lb 77.50 to 79.25, heifers 975 1 168 lb 77.00 to 79.25, sheep 100 head with lambs 54.00 to 55.00 for 100 130 lb, wool lambs 47.00 to 48.00, ewes 23.00 to 33.00. St Joseph quotations list hogs 1500 at 25 higher, and 230 270 lb 48.00 48.50. Interior Iowa movement noted 90,000 on Monday with various weight classes priced.
MENTIONED IN THIS ARTICLE
Midland Elevator
Lawrence
Omaha
Neb
USDA
ST. Joseph
Iowa
Wall Street Dow Dips Ahead of Key Price Reports
In New York today the Dow Jones average fell 15.22 to 3516.91 at midday as NYSE volume stood at 74.20 million shares. The market showed 584 rising stocks against 1139 decliners with 711 unchanged while the NYSE composite slipped to 245.59 and the American stock value index dropped to 438.58. Investors stayed cautious ahead of Friday’s producer price report and next Tuesday’s consumer price reading. Bally Manufacturing led the most active list with a notable loss.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Bered
NYSE
American Stock Exchange
Bally Manufacturing
T b ill rates rise to five month high
United States Treasury auctions priced three month bills at 3.14 percent and six month bills at 3.30 percent, marking the highest levels in five months. The Fed announced the one year Treasury bill yield at 3.58 percent, up from 3.55 percent the prior week.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
Consumers Break Record With All Time High Borrowing
Washington AP reports April saw U.S. consumer borrowing reach a new peak as total consumer debt rose to 754 billion dollars at a 3.6 percent annual rate. Revolving credit led gains at 7.5 percent, auto loans up 1.9 percent, and other loans up 1.2 percent as economists warn of cautious spending without jobs recovery.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Overland Park approves tax abatements for business locators
Overland Park city council reversed its stance on tax breaks and voted to grant abatements of 50 percent or more for firms locating or expanding there. State law permits up to ten years of property tax relief, aimed at drawing new jobs. General Motors plans to end the Chevrolet Corsica and Beretta lines after 1996, failing to meet sales projections since their 1987 launch.
MENTIONED IN THIS ARTICLE
Overland Park
Detroit
General Motors Corp
Chevrolet
Savings bond sales slide to 18 month low
Washington reports May sales of U.S. savings bonds dropped 14.5 percent to 787 million dollars, the lowest in 18 months, from 920 million in April and 916 million a year earlier. The decline follows the March 1 cut in the minimum guaranteed rate on the securities from 6 percent to 4 percent.
MENTIONED IN THIS ARTICLE
Washington
U.S
Treasury Department
Also Mentioned on This Page
Dave Skidmore
Associated Press
District of Columbia
Edmund Mierzwinski
U.S. Pirg
John Hall
American Bankers Assn
IBM
IBM Pf
Martyn
Ye Mobil
STH — Morgan
Ah— Anhaous
Newall
Aa BankAm
BeliSo
Norwst
Boeing
Pfizer
PhilPet
Circus
SmtBc
Snyder
Sprint
Disney
Sunn
Syntex
EqiCos
Exxon
Tig Hon
Hanson
Wendys
Hmathe
Humaway
Allied Sig
Fleming
Rene Ys
Fourth Financial
Hercules
Kmart
Kroge May
Mercantile Sa
Western Financia
Western Resources
Williams
Woolworth
Courtesy
Edward D. Jones & Co
Omaha Livestock
St. Joseph Livestock
Ee A
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Access Daily
Maine
Journal-World
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