Savings Interest Rates, Inflation, and the Elderly: Hearings Before the Subcommittee on Housing and Consumer Interests of the Select Committee on Aging, House of Representatives, Ninety-sixth Congress, First Session, June 28 and July 24, 1979
United States. Congress. House. Select Committee on Aging. Subcommittee on Housing and Consumer Interests
U.S. Government Printing Office, 1979 - Older people - 205 pages
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action addition Administration agencies allow alternatives amount Answer assets assistance associations authority average balance banks believe benefit billion bills Chairman changes committee competitive Congress consumer continue cost denomination deposit deposit rate depositors depository institutions dividends earnings effect elderly elimination Federal credit unions Federal Reserve Board financial institutions funds going groups hearing higher housing incentive income increase individuals industry inflation insured interest interest rates investment issue legislation less levels limited market rates maturity means money market certificates months mortgage offer opportunity paid passbook penalty percent period permitted persons pooling powers present President problem proposed Question rate ceilings recommend regular Regulation Q regulatory represented responsibility result rise RoyBAL S&Ls savings accounts savings and loan securities share certificate small saver statement Thank thrift institutions tion Treasury types yield
Page 175 - Federal credit union membership shall be limited to groups having a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district.
Page 107 - Act, the purpose of a credit union is to promote thrift among its members and to create a source of credit for provident and productive purposes.
Page 86 - Corporation, the Federal Home Loan Bank Board, the Federal Deposit Insurance Corporation, and the Federal Reserve Board and...
Page 87 - ... of the Secretary of the Treasury, the Comptroller of the Currency, and the Secretary of Agriculture, who had been designated by the law as the Reserve Bank Organization Committee.
Page 175 - To establish a Federal Credit Union System, to establish a further market for securities of the United States and to make more available to people of small means credit for provident purposes through a national system of cooperative credit, thereby helping to stabilize the credit structure of the United States.
Page 127 - Currency, the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration.
Page 123 - ... (4) A rate determined by money market conditions on a share certificate account of $100,000 or more ; or (5) In the case of a share certificate account of $10,000 or more having a fixed term or qualifying period of 26 weeks, the maximum dividend rate, which...
Page 105 - MR. CHAIRMAN AND MEMBERS OF THE SUBCOMMITTEE: 1 am pleased to be here today to...