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All-savers dry up as withdrawals exceed deposits in November
The Federal Home Loan Bank Board reports November saw $1.6 billion more withdrawals than deposits in savings and loan associations as interest waned in the all-savers certificates. November marks the eighth of nine months with net withdrawals. The broader report covers rising Treasury yields, Fed caution on money growth, and notes on S&L net worth dropping to about $27.9 billion. Oregon tale of pennies ends with a rural box discovery, a Christmas gift from children.
MENTIONED IN THIS ARTICLE
Washington
Savings and Loan
Henry Wallich
Board of Governors
Federaleserve
Reagan
Treasury
Federal Reserve
The
Federal Open Market Committee
Anthony Solomon
Savings and Loan Associations
American Economic Association
Wallich
Federal Reserve Board