Confusion over IRAs fades as local banks report uptake
Local banks and investment firms report growing IRA interest with Maryland National Bank and Fredericktown leading openings. Accounts range from $20,000 to $50,000, with $100 minimums and up to 30 month plans. FDIC coverage questions loom as banks predict higher limits.
MENTIONED IN THIS ARTICLE
U.S. Treasury
Maryland National Bank
Frederick County
Todd Brown
Maryland National
Brown
Hoff
Federal Deposit Insurance Corp
FDIC
Fredericktown Bank & Trust
Hoft
Fredericktown
David Fogle
Charles Trunk
Baker Watts
Plymouth Home National Bank
Massachusetts
Fogle
Unemployment rate holds at 7.9 percent in Maryland
Maryland's unemployment rate stayed at a record 7.9 percent in December, higher than 6.2 percent a year earlier. Metropolitan Baltimore edged to 9.1 percent while city rates fell to 11.0. Western Maryland rose to 11.9 and Worcester County on the Eastern Shore reached 19.2 percent. Suburbs of Washington remained at 4.8 percent.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
State Department of Human Resources
Worcester County
Washington
Montgomery County keeps housing pace amid national downturn
In 1981 Montgomery County continued building homes at a pace surpassing national trends. Town houses and detached units rose while apartment construction lagged. sales held steady with 1980, aided by affordable town houses and a large surge in subdivision approvals in 1980. Mortgage credit remained tight but indicators suggested activity would hold into the early 1980s. Howard Jenkins Jr. will speak at the Frederick Inter national Management Council meeting on February 10 at Holiday Inn Frederick.
MENTIONED IN THIS ARTICLE
Rockville
Montgomery County
Dale Price
Montgomery County Planning Board
Price
National Home Builders
Planning Board
Howard Jenkins Jr
National Labor Relations Board
Frederick
International Management Council
Holiday Inn Frederick
Denver
Jenkins
Denver University
Denver University Law School
Howard University
U.S. Department of Labor
Bureau of Labor Management Reports
Stock Market Declines Amid Rising Rates In Early Session
New York stocks fell as rates rose with energy and technology shares leading losses. Dow slipped 7.92 to 45.03, NYSE composite down 0.76 to 67.41, with Atlantic Richfield, Standard Oil, Schlumberger, Halliburton, and Datapoint among notable downturns and Browning-Ferris and Waste Management modestly shifting in active trading.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Atlanotic
Standard Oil of
Indiana
Schlumberger
Halliburton
Sedco
Texaco
Eastman Kodak
Jack Eckerd Corp
Browning-Ferris
Also Mentioned on This Page
Farmers and Mechanics National Bank
Charles Hoff Itt
F&m
Trunk
Frederick County National Bank
Nevin Baker
Treasury
Tam
Baker
Beemen
the News
Frederick, Md
MontCo
Sonia Boin
IMC
Jimmy
Hagerstown
Gulf of Mexico
Datapoint
Dow Jones
Allg Pw
Bnehgd Baltge
CSX Corp
K Kmart
Litton
Marriott Corp
MD Natl Cp
Mercantile
Bakshi
Mobil
Noa Phil
Penney
Sears
Tandy
H Warner L
Whittak
Woolworth
Baker Watts & Co
Frederick Holiday Inn
Lisa Hoke
IRS
Edward N Huebner
Buchanan & Company Certafied Public Accountants
Fremerior
Federal Reserve District No. 5
State Bank No
Equitable Trust Company
MaRyLawn
U.S
United States
Federal Reserve
Equity Capital A
Federal Deposit Insurance Corporation
Joseph A. Cicero
H. Grant Hathaway
J. William Middleton
State of Maryland
Anne Arundel
Barbara L
Salisbury
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