European Stars And Stripes (Newspaper) - March 1, 1987, Darmstadt, Hesse Page 2lv the stars and stripes sunday March 1,1987 investor s Tju Tilc q. My no bad and 1 hive checking account at the Federal credit Anteo where he Worf i. In he my it do by dividend Cru Roerty h match june september a december. Tvs Pattrin Fri her a Tim 5 a trans do tide a Couch. By on Dot meter la then we do a Freiri and Mexola. Nation m to Why. 1 Tele phoned did was told he Board of do Eclora decided not lode clue do Send for that Quarter be cause of the if we bid Doyle known in Advance we could have Mofid Oor Money to an in emf paying account. Since the credit Union advertised the 5 percent rate. In monthly Tate meals in t it obligated to pay it a. Only if in the monthly statements or elsewhere it pro claimed it would pay 5 percent for that Quarter. If that s the Case you have o legitimate Gripe and can Nail the management and Board of directors to the Wall however it s doubtful he cred it Union quoted Rales for a current Quarter. More Likely the statements quoted the Rales paid in previous quarters which Aid not constitute a Promise for current and future quarters. A credit Union s directors de cide what dividends if any will be paid after reviewing its Finan Cial status especially its profit or loss. When a credit Union loses Money from its operations and is strapped for Cash the directors might Omil dividends. A spokeswoman for the nation Al credit Union administration explains that there is no regulation that a credit Union must provide Advance notification of dividend omissions or reductions q. My husband died july 31, 1979. He bad a in Yew 7� percent certificate of Deposit purchased on april 27,1976.1 cashed that cd on March 30, 1980, and was charged an Early withdrawal penalty of More than $900. When 1 read the column in which you wrote that a Penally can not be charged m such a Case i telephoned the Hank. I got no satisfaction and no refund. Then my brother went with me to the Bank we spoke to Bank officer. She was Adamant and refused restitution. Is there a higher authority to which 1 can ram a. Yes. Exactly where depends on inc Type of Bank. If it s a National Bank meaning it has the word National in its name or the initials "n,a." after its name write Deputy comptroller for customer and Community programs comptroller of the cur Rency department of Treasury sixth floor l Yenfan Plaza Washington . 20219. In the Case of a sme can need Bank Contact your state banking regulators in your state capital. If you gel no results write office of consumer compliance programs Federal Deposit insurance corp., 550 17th Street n.w., washing ton . 20459. Your experience is a disgrace. Federally insured Banks and savings and loan associations cannot charge a Penally when a cd is cashed Early alter its owner or one of its joint owners Dies. You re entitled to get thai $900back, plus interest. Blllllllllllllllllalvl1111bblbabalbhilllbbbbbabbblbb1bbbbbbbbb111alll111111bbbb11 amex prices hit record level despite decline in Blue chips York up Blue Chip bloc prices slipped in Active trading Lait week but Price on the american Stock Exchange and the Over the counter Market ended at record Levels. The Dow Jones Industrial average felt11,25102223.99. Aided by strength in biomedical an technology Issue. Die american Slock Exchange Index Rose 3.86 to 321.76 the National association of securities dealers Index of oct stocks jumped 7.73 to424.97. The Dow Industrial average Seesaw through the week falling 18 Points Mon Day climbing 10 Over tuesday an wednesday falling 9 on thursday and riling 7 on Friday. Analyst said investors have been buying in selected groups White taking profits in other sectors that have had Strong sunup since the beginning of 1987. The release of the Tower commission s report on the inn Contra arms affair had Little effect they Laid. The panel concluded thursday that president Reagan swapped Arm for hostages its his secret dealings with Iran and blamed the scandal on a runaway National Security Council staff. Joseph Barthel director of technical research at Phit Adelphia based Butcher & Singer said the Market is gradually working off its overbought condition in order 10 prepare for a renewed and Vance uial could begin this week. At the end of the week stocks got Aboon from the Bond Market which strengthened after the Commerce department reported that the january Trade deficit widened to 114.78 billion in Jan uary. The Trade data combined with the 7.5 percent drop in january durable goods orders reported thursday and a Sharp plunge in january retail sates re Vived concerns about the Economy s prospects but alleviated worries that in Terest Rales might Rise. Among the 2.169 issues traded on the York Slock Exchange 1.099 issues posted losses while 849 showed & poor s 500-Stock Index fell 1.28 to 284.20, the York Stock Exchange composite Index slipped 0.81 to 162.01.on the trading floor american to ton was the most Active nose Isle Issue rising % to 3%. It said thursty it expects operating earnings to increase significantly this year. At to followed falling to to 2214. Avistar was third slipping % to 7k.it advanced a week earlier when the company said it expected earnings to improve this year. Ism eased to to 139 a. Its Board in creased a share repurchase authorization by 4 million shares to a total of 19 million shares or 3.1 percent of ism s approximately 610 million shares other Blue chips Xerox fell i14 to t3m, general electric Rose 2h to general motors dropped Zwy to Stock tense Slock Csc birr at to co nut Alir use comp flu Una la ugh by Votano Leip it vol c4o Emit be we 2u, 73 4jb 17.0 4.1j.413.400 Zui my 20.0 5,3 1.391,300 7h 2,059,700 314159.800 74 1,780.700 14 t3h1j76.440 52 1.106,300 27h 1.105,000 63 Ami com Palm he a Ftp by volum sect pm Vor Oak Tun of Vul inn plan 1.14hoo wami air 1.113.400 43 74.0 Hwi Usnap 485.100 9 049 560 he Sec Stockton int Pladt Tow mme map am comm is 5,48 13,0 1. �21 6.0 12.5 ob9 11.0 4.s 1.91 27.0 2.61,04 �.0 3,g 7,14 7.0 4.9 pkg Evn be you 164 t 611 1.14 144.0 u is3k 4 5k 11.11 15.0 i332 4 11.20 30.0 0.1 35 t 3k 1a 1333w w 524 2h103 � 112 � ft24 t 2s Hubo Iaun i Bat Slock wit obo an for cd 311.000 8 1.s4 5.0jb7.400 a 1.71 1e.o 0.3 182.400 8 0.10 so 1 327i.no 4 0,71 6.0 2sa.700es.1so.7611.il 2.4. C40m Chi of earm be Yin Joe of 1.1 Ilo 22.0 0,s 100 7ju1 24.d 0.1i.w a 12s. � 1.s1 27.0 7.28 14,0 h 7.49 Iso 13 my 19.0 23 a t 4h 120 4x 45v 2 43h � so 1 40 in wbk 1h is t 1 1.20 47,0 1.1s.1s 0,0 1.2 5.60 00oec Tso Emit go my Unk Kitt on Edwd. American express Rose 414 to 74 amid Lalk that the company will declare a Stock split boost its dividend and spin off its Shearson brokerage unit to the Public. Bank stocks retreated amid jitters about the vulnerability of their Loans to Brazil. A week ago Friday Brazil sus Pended interest payments on its debt. Citicorp plunged 5 to 53w and . Mor Gan dropped b4 io4ift, some High technology and semiconductor issues advanced Cray research jumped 4% to 118 a and Texas instruments Rase 4% to 164, pharmaceutical manufacturers were last week s big winners. Squibb jumped 9 to 157 a it reported improved fourth Quarter earnings Upjohn climbed Vuk to 134%, syn Lex Rose itt to 83% and Eli Lilly added 5w to 94 Carter Wallace climbed the to 133%, re covering partly from a 20-Point plunge last week that followed a is Point climb Over the preceding three weeks. Carter Wallace had benefited from optimism about pros pwt for its Tujan condom sate. Oil company stocks ended mixed As Oil futures prices on the York mercantile Exchange fell below $17 a barrel Exxon dropped 3 to 78% and Texaco Slid i to 33%. But Chevron climbed i % to 49ft and Phillips Petroleum Rose 14 to 131i Taft broadcasting climbed Volo 1 33 on reports that major shareholders Are Dis cussing Selling onto updating the company. The number of shares changing hand or York Stock Exchange during the week totalled 814,524,880, compared with 763.j09.0so a week earlier the Dow transportation Index fell 15.87 10 935.68. The Utility Index Slid 3.05 to 21 8.97. Composite volume totalled 955,977,290 shares compared with 894,380,660 a week earlier. Prices Rose in Active trading on the american Slock Exchange. Gainers outpaced losers 391-365 among the 913 issues traded. Volume was 70,192,450 shares compared with 66,508,095 last week and 85,832,640 during the same week a year ago. Templeton led the amex actives Fin Ishing the first week in which u was traded at 1 3 a. Home shopping network followed climbing 4ft to 33. Lon mar talc pictures was third rising 2 to 20. 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