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Credit expansion grows across business and consumer markets
Business credit expands as manufacturers and banks extend longer terms. Total credit beyond $100 billion includes $50 billion in receivables and $42 billion in bank loans. Factoring rises with a 1967 baseline showing higher past due rates and industry push to speed payments. William R. Sampsell, 36, dies after car collision with a train in Cumberland.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Federal Reserve Board
Credit Research Foundation
Gerrit J. Popma
I Textile Banking Co
Foundation
Cumberland
William R. Sampsell
Ashby
W. Va
Memorial Hospital
Western Maryland Railroad