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House Action Set On Interest Legislation Amid Debate
Washington AP reports House action expected early next week on bills to curb high interest rates. Rep Patman pushes for a 4.5 percent ceiling on deposits up to 100000, while Senate influence and Fed powers loom. Barr signals possible tax and rate moves to fight inflation as mortgage rates hit July highs.
MENTIONED IN THIS ARTICLE
Washington
House
House Rules Committee
Wright Patman
D-Tex
Congress
John W. McCormack
Russell B. Long
D-La
Federal Home Loan Bank Board
the Treasury
Joseph W. Barr
Barr
Federal Reserve Board
Patman
House Banking Committee