Onondaga Savings Bank Leads Local Deposit Jump Growth
Onondaga Savings Bank saw deposits rise nearly $92 million to $884.6 million by December 31, boosting its rank to 42nd among the 100 largest mutual savings banks in the United States. Syracuse Savings Bank and Albany Savings Bank also posted gains. OSB credited personalized service and community-focused efforts, plus a merger with Auburn Savings & Loan, for much of the increase.
MENTIONED IN THIS ARTICLE
Joseph A. Porcello
Onondaga Savings Bank
Russell C. Carlson
Onondaga Savings
United States
American Banker
Syracuse Savings Bank and
Albany Savings Bank
OSB
Auburn Savings & Loan
Carlson
Onondaga
Auburn
Ile
Syracuse Savings Bank
Syracuse Savings
Mutual Savings Banks
New York
New York Bank For Savings
Syracuse
Philadelphia Saving Fund Society
Bowery Savings Bu
Dime Savings Bank
Dollar strengthens while gold slips in early trading notes
The dollar rose against major currencies in Europe and in Tokyo, while gold dipped under 500 an ounce in London and Zurich though showed signs of rebound. Sterling near $2.3450, Tokyo at 202.85 yen, bullion prices fixed lower in London and Zurich, with US car sales down sharply in January and major corporate and policy moves under discussion including synthetic fuels cuts and airline pricing shifts.
MENTIONED IN THIS ARTICLE
Europe
London
Zurich
Tokyo
AT&T to gain higher regulated profit margin
AT&T after posting its record annual profit is set to receive a higher allowed return from 10 percent to 10.87 percent, according to informed AP sources. FCC administrative law judge Edward Luton pending opinion would still fall short of AT&T's desired 13 percent, drawing criticism from spokesman Pic Wagner who notes inflation and borrowing costs.
MENTIONED IN THIS ARTICLE
Washington
American Telephone & Telegraph Co
Associated Press
Federal Communications Commission
At&t
Pic Wagner
Edward Luton
GM Plants Trim Staff As East Syracuse Outsources Parts
General Motors plans closing assembly plants due to weak sales, forcing the Fisher Body plant in East Syracuse to lay off 60 workers indefinitely starting next Monday. About 1,200 employees remain, with 150 slated for layoff, including those to be idle Monday.
MENTIONED IN THIS ARTICLE
General Motors Corp
Fisher Body
Syracuse
Reagan goal elusive as money supply growth proves hard to steady
Newhouse News Service reports that President Reagan may not meet his goal of stable money supply growth this year. The piece explains that the Fed cannot target money growth for fixed periods and that volatile rates arise from public borrowing decisions and evolving Fed techniques. The article notes efforts by staff to devise smoother growth despite ongoing gyrations.
MENTIONED IN THIS ARTICLE
Ly Peter S. Nagan
Newhouse
Washington
Reagan
Federal Reserve Board
Paul A. Volcker
Capitol Hill
Wall Street
Fed
The
IRS fights to keep audit secrecy
Government lawyers press to block a court order forcing release of IRS data tied to the Taxpayer Compliance Measurement Program. The TAS program audits 50,000 returns yearly to derive DIF formulas used to flag likely errors or cheating, a move critics say could undermine budgets and reveal audit triggers. Excerpts describe how DIF scores are calculated and how a taxpayer might game entries to lower audit likelihood.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Stephen Strong
Supreme Court
U.S
Walter ‘Tl’. McGovern
Seattle
Susan
Philip Long
Fred Cox
Cox
Housing prices slow as inflation outpaces gains
Washington AP reports that for the first time since 1974 house prices are not rising as fast as inflation. Economists note a shift from a rapid doubling era, with some pockets of profit for speculators in California and Texas while overall gains ease. New home prices rose 11 percent to 75,200 last year, CPI up 12.4 percent, and prices edged down from October to December. Mortgage rates climb as market rates increase.
MENTIONED IN THIS ARTICLE
Washington
Michael Sumichrast
National Association of Homebuilders
Thomas Parliament
U.S. League of Saving Associations
California
Texas
Commerce Department
Department
Oil Increases Trade Deficit in Q4 1980
Washington AP reports rising oil imports widened the U S foreign merchandise trade deficit in the last quarter of 1980 to 35.6 billion, while a strong export record and U S recession reduced the full year deficit to 26.7 billion, down about 9 percent from 1979.
MENTIONED IN THIS ARTICLE
Washington
U.S
Itv
Commerce Department
Department
Your Money's Worth Claims on Tax Deductions and Audits
The article discusses typical deduction categories for households in the $20,000 to $25,000 income range, citing figures like medical expenses and charitable contributions. It warns taxpayers to claim only what they can substantiate with receipts and checks, noting audit odds rise with inflated deductions and providing approximate averages for various deduction types.
MENTIONED IN THIS ARTICLE
ELS
LSU
Aft
Also Mentioned on This Page
Onondaga Tops
Business Digest
Handy & Harman
Senate Committee On Governmental Affairs
Reagan Administration
Office of Management and Budget
Synthetic Fuels Corp
Nyc
General Motors
New York City
Detroit
City
Civil Aeronautics Board
Perdue Suit
Frank Perdue
New York Area
Pan Am
Grand Central Building
Credit Market
Treasury
Pontiac Motor Co
General Motors Division
GM Divisons
Jess
Delon
Amoneu
Beret
Gaines
CORIO
Jawes Bia
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