Fed cuts discount rate signals broader economic upturn
Federal Reserve lowered its discount rate and banks reduced the prime lending rate. Local financial executives caution that interest rates remain volatile and may change further.
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Newspaper
Sun Coast Gondolier
Location
Venice, Florida, United States of America
Date
Aug 21, 1982
Page
11
Federal Reserve lowered its discount rate and banks reduced the prime lending rate. Local financial executives caution that interest rates remain volatile and may change further.
Local lenders respond cautiously as prime rates fall to 14.5 percent after the Fed cut the discount rate to 10.5 percent. Bank actions vary, with FNBV offering 14.75 percent mortgages while several large banks join the rate cut trend amid uncertainty about future demand and economic policy.
A new exhibition at North Port Citizens Federal Bank in the North Port Shopping Plaza features paintings and photos from the North Port Police Museum. The display honors officers killed in the line of duty, with color photos by Lt. Thomas Note and acrylic works by Fran Krewson. The public may view during normal business hours.
Public notices show several entities filing for fictitious names including TJs Pizza Pub in Venice. Pulkkinen Bros Carpentry in Sarasota. Deck the Halls Venice Upholstery. H P Fashions North Port. Shrode Jewelry Venice. 2nd Hand Rose Venice. West Coast Properties Venice. Custom Coach Venice. and Energee Englewood with dates published July 31 through Sept 11 1982 and city hearings on annexation ordinances in Venice City Council.
The Sarasota County Circuit Court Probate Division announces the administration of Margaret P. McFadyen, deceased, file 82 1269. Personal representative Robert James McFadyen of Michigan and attorney details provided. Claims or objections must be filed within three months of first publication, or they will be barred. Publication dates August 14 and 21, 1982.
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