Banks See Rising Debts Amid Growing Economy
Americans carry 11 percent higher monthly payments than a year ago as business debt climbs. New York banks have lent 1.4 billion more to commercial and industrial concerns since January, a contrast to a 574 million drop in 1964. Delinquency on installment loans is up little, yet new debt equals 14 percent of disposable income for repayments and 16 percent for future payments. Bank lending to retail, utilities, transport, and apparel firms drives the rise, while overall credit remains manageable given profits and cash flow.
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Johnson pushes search for women in top government jobs
President Johnson widens efforts to recruit women for high government posts. Patricia Roberts Harris is named U.S. ambassador to Luxembourg, the third woman chosen for an ambassadorial post. He also notes ten men received government career service awards, challenging gender imbalance.
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