European Stars And Stripes (Newspaper) - February 2, 1986, Darmstadt, Hesse                                Sunday february 2, 1986 the stars and stripes Page 19 foreign assets in . Hidden expert says l pc i Croc timoted that on june in is a its in i United states were Worth$34.7 billion and . Assets in other countries were $28.2 billion or $6.5 billion less. Edward m. Bernstein of the bookings institution a non profit study group in Washington says he has com Merce department figures showing that by Scot. 30 the Gap had risen to about $30.5 billion. It does t matter All that much in terms of the  Standard of living Bernstein said. So Nissan motor corp., a japanese company gets the profit instead of general motors or the Union Bank of Switzerland get the interest in cad of  but it docs matter to some american business people he said. Americans who own assets abroad draw profits or interest from them. Foreigners who own assets in this country earn similar Bei fits. When foreigners of. More in America than Ameri cans own abroad sooner later there is a net outflow of Money from this country Bernstein said. As a result of the increased ownership of american assets by non americans within a very few years the United states will be making net payments of investment income to Citi ens of other countries Bernstein wrote in the fall Issue of the Brookings  it s possible that we re doing it now but we Don t know it he said in an interview. When foreigners own More assets in a country than its citizens own abroad whether factories real estate stocks or Bonds the country is considered an International debtor. The Commerce department says the United states became a net debtor nation in the first half of last year for the first time since 1914. Bernstein said unreported foreign assets in the United states and overvalued assets of americans in other coun tries make the real difference considerably greater. Bernstein said there is a Gap of s123 billion Between the amount of Money that officially entered the United states Between Jan. 1, 1981, and sept. 20, 19s5, and inc International transactions reported for that period. He believes that Money has gone largely to buy . Assets on which the new foreign owners arc making earn Ings and leaving them in the United states. Most of the unreported capital inflow. Must be foreign funds held in this country in Domestic names and addresses he wrote. Bernstein said in the interview that Many business peo ple in latin America use american business addresses lie cited an unnamed venezuelan who owns a condominium in Miami and has All his brokers statements sent to his Miami address. Then there Are the people who live in other countries but Don t want to bring it Home he said. When they earn Money in the United states they Tell their american friends you keep it for me. If i bring it Home i la have to sell it to my government " non americans often prefer to leave their dollars in the United states when they decide that their own government does not offer a High enough Price for them in its own currency he said. They and others doubtful of their own countries future use their assets at Home to buy dollars even at Black Market prices and Transfer them to the United slates. He said . Assets abroad arc overstated because . Banks carry $439 billion in foreign debts on their books at face value without adjusting the figure to show their real Worth. Part of the debt is owed by poor countries that arc having trouble even keeping up interest payments. Some of that Money is Worth Only 80 cents on the Dollar he said. Bernstein was executive Secretary to the . Delegation at the 1944 conference in Britton Woods n.h., that set up the International monetary fund and a system of Exchange rates that lasted into the 1970s. He is now a guest scholar at the Brookings institution. Sales of new Homes jumped 7.4 percent last year Washington a sales of new Homes surged 7.4 percent last year to their highest level since 1979, the government has reported. Sales of existing single family Homes to tales 686,000 in 1985, making last year the Best since 709,000 new Homes were sold in 1979, the departments of Commerce and housing and Urban development said. For december sales Rose 1.7 percent As the average Price of a Home hit a record High of $108,600.the report on new Home sales followed an ealier report that sales of existing Homes Rose an even stronger 12.1 percent last year  a total of 3.22 million units also the highest Pace since 1979. Housing Industry investor s guide by William a. Doyle. My Bank certificate of Deposit has just matured. I liked that cd. Because i paid High interest. But the Money was not available to me during the cd s 30-month  i now May have to use that Money at any time i thought it was necessary to Transfer it to savings account paying Only 5.5 percent , i read in your column about Money Market Deposit accounts Midas which pay higher interest than savings accounts and from which Money can be withdrawn at any time. Would it be Wise to Transfer my Money to such an account a. Very Wise for the simple reason that your Money will earn More interest. How Brjch higher depends on the particular Bank. Every federally insured Bank and savings and loan association is free to set the interest it pays on Midas. Another Wise move is to shop around for the ban or so. Paying the highest  makes absolutely no sense to keep Money in  old fashioned savings account when you can yet higher interest simply by moving your Money to an Mun tit recently Federal regulations required you to keep at least $1,000 in Anamda in order to get More than 5.5 percent interest. Eat that requirement went off the books As of january 1. Now each Bank and so sets its own Myda analysts said the 12.1 percent Rise indicates continued growth this year. For december new Home sales were sold at a seasonally adjusted annual rate of 721,000 units following a giant 11.8 percent Rise ill november. The average sales Price Rose 4.5 percent in december from the previous record High of $103,900 in november. The median Price was also a record of $89,300 in de Cember up 3.4 percent from november. The strength in Home sales this year has been credited to falling interest rates which have pushed mortgage rates to their lowest Levels in six  time is right to buy a House said Clark e. Wallace president of the National the. Federally ta-d$1000 minimum for super now High determine what rest i is on savings accounts. This All results u the final phasing out of interest rate regulation on consumer deposits As mandated by the depository institutions deregulation and monetary control act of 1980.q. My wife has $80,000 in High interest Bank certificates of Deposit in her name. Have $95,000 in High interest cd in my name at the same  one of us joins the choir silent inc survivor will inherit what the deceased spouse leaves and will then have $175,000 at that Bank $75,000 above the$100,000 Federal Deposit insurance corp. Coverage per depositor. What can we do to Correct this situation a. Odic insurance on the dead spouse s deposits will remain in effect As Long As that Money remains part of his or her estate. So if the survivor docs not Transfer the cd out of the estate the insurance coverage will not be reduced. Let s say you leave this Vale of tears before your wife. The cd in your estate will be below the $100,000 Odic coverage unless the interest that accumulates on those cd lifts their value above $100,000. At that Point the executor or administrator of your estate might consider withdrawing some accrued interest. After that As each cd matures the estate s executor or administrator can re move the Money from that Bank. Here i m assuming the surviving spouse will want to leave the Money in those High interest cd rather than Transfer it else where at current lower rates. Cd can be redeemed without Early withdrawal pen Alty after the owner . What Protection does a depositor at a Bank savings and loan association or association of  mortgages currently arc aver aging about 10.75 percent and some analysis believe rates will fall below 10 per cent later this year at least in parts of the  All of 1985, the Price of a new Home averaged $100,600, the first Lime the aver age Price has climbed Over $100,000 for the year. It marked a 3.1 percent increase from 1984 when the average Home Price was $97.600.the median Price for last year was $84,100, up 5.3 percent from the $79,900 Price in 1984. The median Price Means half the Homes sold for More and half for less. The Northeast enjoyed the biggest Rise in credit Union have if another person Man Ages to withdraw Money from his account without authorization docs inc depositor lose his Money a. The depositor should t lose any thing. The Bank so or cd would have to Swallow the loss and make Good the unauthorized withdrawal. The person "thief1 is the More descriptive word making the unauthorized withdrawal would have to commit forgery by signing the depositor s name on a withdrawal slip or a Check. Granted there Are some adept forgers on the Loose in this less than pc elect world. But every Bank so and cd has depositors signature cards on file. Depository institutions arc constantly on guard sales last year a 16 percent increase which pushed total new Home sales to 109,000  in the South which accounted for almost half the new Homes sold last year Rose 4.5 percent to 323,000 units. Sales were up 9.2 percent in the Midwest to 83,000 units and 7.5 percent in inc West to 172,000 units. The Northeast also had the biggest Rise in the median Price of existing Homes up 15 percent to $93,700, surpassing the West for the first Lime since 1975. In the West the median fell 1.4 percent to $92,200. The median Price for an existing Home climbed to $74,800 in december up 3.7 percent from the previous december. Against unauthorized . I am 65, single and retired on a pen Sion and social Security which arc sufficient for my needs. I have approximately si2,000 invested in a Mutual fund. Since i retired have slopped reinvesting my Mutual fund dividends. Am i doing the right thing a. Sure. Reinvesting dividends is a convenient Way to build up the value of an investment. It was natural thing to do Dur ing your working years. Come retirement time you should enjoy the fruits of your investment and take the dividends by Check. Use that Money to live a Little and have a More enjoyable retirement. Kino feature columnist Dovolo Wel ones written questions qui he can provide Ani Weri Only through the column. You can write to him in care of the Start and stripes Apo 09211, . Forces Stock pulse United press International copyright 1986 Friday Jan. 11 nose composite most actives by volume Slock div vol Clou earns be old at to 5.949,000 21 i u7 16.0 5.6 Evlyen 2,159.200 35 2.14 16.0  Cigna 1.974,400 6sw 2.06 32.0 4.0 pm 1.911,100 3ivt 3.03 10.0 9.4 Amoco 1,455,700 a 7.42 80  ism 1.423.000 15iv1 1047 14.0 2.9 Comdr into 1.285,200 6h called 1.273,400 28� 6.02 50 1.7 Tex Oil 1.241,000 14 us 12.0 u Panama up 1.096,500 so nose compes Lle largest net changes Stock close Cage earns be old celanese 16614 to �i3.70 12.0 2.� try 90 1 5 2.13 43.0 3j Una nov 143u 3vs 11.53 12.0 3.0 Marolt ii9v 3h 5.56 21.0  Felt spell 31 3   0.4 Dunard Utt 3u. 3m 23.0 2.5 Dreels 100 21 4ji 22.0 0.6 rep by 5iu 2w s.99 10.0 2.9 Donnelly a Jyh 3.m 17.0 1.7 Amrich 110 a 11.02 10.0 6.0 amex compes Lle most actives by volume Stock div vol close earns be old wangle 590,600 i9v� i 0.9 cull cd 591,400 14 /4 u key pharm 454,400 114 0.56 21.0 Holn 2.95 333,200 14 it 12.0 first cell 257,600 8mi Petro Lew 313.300 i Home Gap 207,500 25h wicket 174,400 4u 0.79 6.0 tie comm 172,900 6 0 Texas air 171,400 ism 4.17 4.0 amex composite largest net changes Slock close in of earns be old Telon Rich 394 32 i 0.08 4915.0. Forded 131 4vt 10.7 Transl us i4v4 114 1.03 14.0 a slings 3v 1� 3.00 13.0 .0 ultimate 29 i 1.25 22.0 May now 22u i 1.3 17.0 3.5 Citadel i 44 in 4.27 7.0 bom 22h i a 1.22 19.0 Angel i1v� la u Newrid Pic 1711 it oj2 55.0 be Price to earnings ratio my dividend omd Del deficit St fwd to Stock earnings Hies 12 months Una dam