European Stars And Stripes (Newspaper) - September 27, 1987, Darmstadt, Hesse Page 20 the stars and stripes sunday september 27,1987 investor s guide by Bill Doyle q. Quote from � recent newspaper Mary about Banks and mating and loan depositor apprehensive Aboul the Industry s deteriorating financial rendition have been polling out their jumbos which do not qualify for Federal in As Yon baft explained a jumbo is a �100,000 or larger certificate of depos it. My Friend Haa $100,000 in a 90-Day cd Al a Sal and �100,000 in a similar cd Al a Bank. Is she to As sume her Doyle jumbos Are not Folly covered a. Not necessarily. Assuming the Sal is a member of the Federal Sav Ings and loan incur acc corp and the Bank is a member of the Federal Deposit insurance corp., she can have full coverage of her jumbos if she has no other accounts Al that so or Bank registered exactly As the cd Are and i she receives the cd interest and does not leave it 10 accumulate on the cd. If she has other accounts at either institution and they Are registered in her name As the cd Are the total of the accounts exceeds the Federal Deposit insurance limit of $ 100,000 per depositor and the excess is not insured. She can gel around that problem by putting the other accounts in different rights or capacity such m jointly in her name and some one else s name. The joint accounts then Are counted As a Sepa rate depositor and have up to $100,000 Federal coverage. By taking the interest from her jumbo cd on a steady basis she can keep the amount or each cd at the Sil and Bank limited to si00,000 and main full insurance coverage again if she has no other accounts in her name. If she leaves the interest to accumulate on the cd the amount in each cd will top is 00,000. If she has say $101,000 in a jumbo s1,000 Wilt not be insured. Q. Federal insurance of $100/100 per depositor Al each Cottrey Bank and string and loan so Dillon is line for the average person. How Ever i be always wondered where very wealthy people hire their Sav Ings which exceeds $100,000. They certainly Don t have it All in stocks Bonds real estate and businesses. A. If you were in that fortunate position you could spread your Money among Many Banks and Sals and have $100,000 insurance coverage at each. With $1 million you could use 10 depository institutions. A family can open individual joint and Trust accounts each with si00,000 Deposit insurance Al the tame Bank or so. A Jovial banker i knew often interrupted our Golf up a y whipping out a Chart Hoving How a family of four could have s 1,400,000 of insured deposits at his Bank. To accomplish that however each account must be set up carefully in a different right or capacity. Then there Are . Treasury Bills notes and Bonds the interest on which and redemption at maturity is guaranteed by our Federal government those securities can be purchased in unlimited quantities. . Savings Bonds have the same backing and can be redeemed after being held for two months. Of in my stocks rally As Dow regains part of previous week s losses new York up the Stock mar Ket Latt week overcame mounting Wor Ries about higher interest Rales and the Uncertain future of the Dollar and Recap tured More than half of the previous week s nearly 8j-Point slump in the Dow Jones Industrial average. The Dow industrials Rose 45.53 Points on the week to close at 2570.17, the Dow soared 75.23 tuesday its biggest one Day gain Ever and jumped another 17.62 wednesday before a modest set Back of nearly 20 Points thursday advancing issues outpaced defining issues 1,012-889 among the 2,169 issues traded on the new York Slock Exchange. The nose composite Index Rose 2.78 to 179.14. Standard & poor s 500-Stock Index Rose 5.30 to 320.16. Big Board volume amounted to about 900,010,360 shares compared with 825,426,740 a week earlier and 642,802,832 the year before. Trading on thursday and Friday was curtailed by the absence of investors who Stock pulse by unto inn Tannu tamil pm ritdit.bwt.15 Hose cent Otto Motl Ahw 9 Volu re Tom fort my 16 incl Cortil Ett Cmur � in Bank Xinxi 4,912.800 17% i 307 00 to 3,159.900 97% 17.14 60 3,1 2.559.boo 3 24 2,153.000 31 4tt 7.0 9.6 ir.ii29.3w 31 2.4i13d i is 411k 579 70 ,4 1.579.500 39 339 17.0 1.1 1.�j,00 7� i 1,413.300 49h 1.404.900 my 3js 130 s3 gybe comp flu lil the a a tango a cum cart of Eiers be to us Bank to .55 Zuj Mluse 1s3k t 6k 6.64 31.0 0.3 Habchi 102ft 4� 01 1c in 38 3a Ujj Ford i a 3 17.h 11hwtfwy a 1.52 23.0 in an it 131 t 3 4.7 Kummn 8sk 314 it Onur 2 1.49 310 2� Norton � 2 h fund or from Page 19 � am do it Tai owl Thuat wig or inc mean kid Fod Juki fun h it of he Tifi tin a of s3tin at pm tax can till tax u tit Utu t to thu tie my to to m Tien tie do to of the it. 14 my 1341 my 1.15nu 19ixnl-10 to id 111 97 my 2034nl 25.56 my. I no oi3n 47 n 2.12 h 4841 k1wnfl Tell 10iinl to 57 . 10d9nl. 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Hildegard Zagorski of Prudential Bache securities said the Market faced a lot of uncertainty on Friday about the Washington meetings where finance ministers Are expected to focus on the Dollar and the stabilization of foreign Exchange rates a growing concern in the Stock Market. Once you get the if meeting out of the Way you ii gel a clearer picture Zagorski said. Ricky Harrington a technical analyst with interstate securities corp. Of Char Lotte n.c., said thursday that investors should not be fooled by the nearly 93 Point Advance in the Dow on tuesday suck i hone shop try lpns Amelm pm Sun i by Terrhi i clip Iii mom Drewi blvd inf cd com p e vat 740,500 11ft f 0,36 32.0 301.shi itd.4 it ten Untim at do fwd in Loti dig 270.400 4t 731,000 2bh 207.30 41k 905.100 17h 20z.boo 1h 177.900 2s� 190. 00 23h 1w.8w 23h am i Monr Point Lanit hot cow Nat oat Chat earn. Be old i17k 4 of 7ih 3xm9 3 2sk � 353 2� Block a will a area or wifi Law Tilon and am Ford a pal role amm a i afum Pilaf film a tort be old of Tihoi 8 he i 1uh l_ht1 i 190 �0 09ob 1 7 of 1.79 13.0 921 290 of t1h t 2k 40 1 702 114 2 431 17.0 and wednesday. This rear act despite the reversal is very sensitive to interests rates and i Don t think the reversal on the upside precludes further weakness in the month of october Harrington said. If the rally of two Days ago was a genuine reversal it would be Normal for the Market to digest the gains he said. But i m not sure that is the Case. Tues Day s rally was a couple really but the Overall downward trend is still in Harrington said he expects the Market to test 2300 or below Early this week. On the trading floor new Mon min ing was the most Active nose listed Issue falling 6w to 95. At to followed gaining 2 to 33h. Ism was third up h to 156. The biggest Winner on the week was Irving Bank Corn which jumped 27w to 78. The Bank of new York co. Friday offered about si.36 billion in Cash and Stock to acquire the 9s percent of Irving Bank it does not already own. The biggest loser was Gap inc., the retail Chain dropping Ion to 36ft. Among the other Active issues but week general electric was up 1h to 6i-/4, us gained i1/. U 36%, Gillette Rose u to 42 and Reebok fell 2 to 18%. Ford dropped Jet to 97vi. Chrysler fell 210 4iv,. Prices were mixed in Active trading on the american Stock Exchange. The Macx Index gained 0.84 to 354.50. Declining issues beat advancing issues 460-394 among the 1,012 issues traded. Volume totalled 55,021,705 shares compared with $8,430,770 a week earlier and with 44,139,680 the year before. Amdahl led the Macx actives gaining 2�4 to 47k. Home shopping followed Down 2y to 11%. Telesphere International was third off a to 6ft. The National association of securities dealers Index of Over the counter stocks Rose 1.02 to 441.88. 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