Federal Reserve tightens money growth in July vote
The Federal Reserve Board at a July meeting kept a modest restraint on money growth with a 10 to 2 vote by the Federal Open Market Committee. Dissenters were Nancy Teeters and Henry Wallich. Minutes from private discussions will be released in October. Analysts expect potential easing could lower short term rates. May rate rises followed Fed’s money supply restraint.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Fed
Federal Open Market Committee
Nancy Teeters
Henry Wallich
Gas Price Outlook Sees Pump Costs Drift Lower
Oil analyst Dan Lundberg says wholesale gasoline costs and consumer demand trends point to occasional price drops through Labor Day. He notes dealers retain markup, dampening consumer savings despite a small two week fall in average gas price to 1.25 per gallon. The report cites a 0.52 cent wholesale decline and reveals Central Trust’s new Stabilizer Loan for 250000 plus with fixed or variable rate options.
MENTIONED IN THIS ARTICLE
Dan Lundberg
Lundberg
Central Trust Company
Central Trust
Steven Besse
Bank Customer Rates Vary By Institution
The rates to customers may vary from bank to bank. Customer rates listed here are approximate.
Savings banks show earnings gains in 1983 Q2 statewide
Local spokesman notes continued operating earnings improvement among area savings banks and thrifts. State Banking Department figures show net operating losses for state-chartered banks dropping to 55.1 million in April-June 1983, less than half the prior quarter, and about one-fifth of losses in Q2 1982.
MENTIONED IN THIS ARTICLE
State Banking Department
Savings Banks Association of
New York State
Vincent Tese
New York State Banking Department
Tese
Economists push monetary policy over industrial aid at symposium
A three day symposium on industrial change in Jackson Hole Wyoming drew economists including Nobel laureates Tobin and Klein who urged looser money and tighter spending. They warned industrial policy lacks solid analysis and may fail without strong macro policies though some proposed supplementary measures to aid displaced workers.
MENTIONED IN THIS ARTICLE
James Tobin
Lawrence R. Klein
Tobin
Yale University
The
Federal Reserve Bank of Kansas City
Jakson Hale
Wyoming
Labor and Management
Wall Street
Michael L. Wachter
University of Pennsylvania
William L. Wascher
Federal Reserve System
Youth job program hailed in 1983 effort
The 1983 Summer Jobs for Youth Program drew praise from chairman Richard F. Torrey of Niagara Mohawk, with over 50 area businesses offering 205 jobs and donating $10,430. He noted the program doubled the 1982 job number despite a difficult economy, calling Onondaga County’s business leaders generous to low income youth. The corporate honor roll included many local and national firms.
MENTIONED IN THIS ARTICLE
Richard F. Torrey
Niagara Mohawk
Torrey
Tam
Onondaga County
Letter Shoppe
Agway, Inc
Anaren Microwave
Atlas Services
At&t Long Lines
Blue Cross
Blue Shield
Bond
Schoeneck & King
Bristol Myers
Bristol Laboratories
Calocerinos & Spina
New tool orders rise sharply while shipments fall
July saw a 19 percent rise in new orders for machine tools to 173.4 million, from June, and a 63 percent increase from July 1982, reports the National Machine Tool Builders Association. Shipments dropped 40 percent from June to 109.9 million and were down 56 percent from a year ago, signaling a fragile recovery amid cash-flow concerns.
MENTIONED IN THIS ARTICLE
National Machine Tool Builders Association
Association
James A. Gray
Gray
Growing health care field changing
Health care administration is booming with projected spending of over 290 billion dollars in 1983 and a potential tripling by 1990. Competition for chief executive roles will tighten as demand rises in long term care, HMOs, home health, and new management avenues. specialized skills in market research, advertising, computing, and records management are increasingly valuable.
MENTIONED IN THIS ARTICLE
Association of University Programs In
AAPHA
American College of Hospital Administrators
ACHA
Stuart A. Wesbury Jr
Tauiti
Nveting Hayes
Physio
Eee
John Witt
Witt Associates
Oak Brook
Houston
Cleveland
Sylvia Porter's New Money Book for the 80s offered
HMO members in the United States are informed that Sylvia Porter's New Money Book for the 80s, a 1328 page guide to practical personal finance, is now available through this column. Order requires a $9.95 price plus $1 for mailing and handling, payable to Universal Press Syndicate, care of the newspaper at 4400 Johnson Drive, Fairway, Kansas 66205.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Han
Johnson Drive
Fairway Kan
Universal Press Syndicate
Also Mentioned on This Page
Treasury Billa
Felix G. Rohatyn
Robert Reich
Lester Thurow
Lawrence Summers
Harvard Economics
Council of Economic Advisers
Jerry J. Jasinowski
National Association of
Paul R. Krugman
Massachusetts Institute of Technology
Reagan
Cambridge
Carrier Corporation
Carralls Development
Cary Electric
Chappell's
Colt Industries
Crouse Hinds
Dey Brothers
Fay’s Drug Company
General Electric
General Heat Treating
Gray Syracuse
Green Hill Farms
TBM
Inficon-Leybold-Heraeus
MA/Aetna
Jaquith Industries
J.C. Penney Co., Inc
Kaman Bearing & Supply Co
Key Bank
Lincoln First Bank
Marine Midland Bank
Merchants National Bank
Mutual of New York
New York Telephone Co
Niagara Mohawk Power Corporation
Onondaga Savings Bank
Pass & Seymour
Pepsi Cola
Pioneer Group
Pizza Hut of America
Ponderosa Steak House
Pyramid Co
Conger, Sargent, Webster, Crenshaw & Folley
Sunbeam Welders
Sutton Real Estate
Syracuse Cable Systems
Syracuse China
Syracuse Newspapers
Syracuse Savings Bank
Syracuse University
St. Joseph Hospital
the Addis Company
Joe T. Franklin Jr
Richard B. Ainsworth Jr
Acme-Cleveland Corp
Ainsworth
Timothy Bell
Group Health News
Research Health Services
Kansas City
Midwest
HMO
U.S
Orla
Texas
Chicago
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