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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 22, 1991
Page
13
Provident Bankshares Corp. reports net income of 860000 dollars for the second quarter, equal to 14 cents per share, and declares a quarterly cash dividend of 5 cents per share. The release notes earnings for the period and outlines the dividend plan.
The July federal deficit rose to 40.8 billion amid expanded spending to rescue banks and thrifts, with deposit insurance costs rising and total outlays for the year near 1.1 trillion. Revenues reached 78.6 billion while outlays jumped 4.6 percent versus last year, pushing the year’s deficit toward 218.3 billion and near the 1990 full-year gap.
The FCC plans to disapprove unreasonably high international accounting rates beginning in 1993. Chairman Alfred C. Sikes announced at a meeting with leaders of AT&T MCI US Sprint GTE and TRT-FTC, who handle 99.8 percent of U.S. international calls. He urged lower bilateral rates and stressed the agency will support carriers in disputes, as deficits in settlement persist.
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