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Rate of Advance Decreases In June Industrial Output
U S industrial output rose for a second straight month in June but the rate of growth slowed from May The Fed noted a 164 4 percent of the 1957 59 base with auto production at 9 4 million units annual rate Output gains came despite a slowdown in aluminum due to work stoppages The Home Loan Bank Board announced Aug 1 reserve requirements would drop from 7 to 6 5 percent of savings deposits for thrift institutions and lenders may expand mortgage lending after Aug 1
MENTIONED IN THIS ARTICLE
Joseph R. Coyne
Washington
Federal Reserve Board
Federal Home Loan Bank Board
S&l
The
Federal Reserve
John Horne
Home Loan Bank Board
Johnson