European Stars And Stripes (Newspaper) - August 7, 1988, Darmstadt, Hesse                                Page 18 the stars and stripes business news Confidence helped keep Dollar Strong the Market s Overall bullish undertone on the Dollar kept the Greenback Strong against major foreign currencies in the past week Mut ing the effect of repeated intervention by the West German Bundesbank. A West German trader with a Frankfurt West Germany based . Bank said continued Confidence in the Buck is based on slow but steady improvement in the economic figures of the United  traders in Frankfurt and London said the Dollar should continue to test higher Levels in the coming week on the strength of . Unemployment figure released by the labor department on Friday. As expected the jobless rate crept upward injury to 5.4 percent fractionally higher than the rate posted the previous month. Despite the increase other data included in the unemployment report by  Kominicki showed that America s Economy remains Strong. There also was Strong growth in the manufacturing segment of the Economy where 70,000 new factory jobs were added for a total of nearly 20 million jobs in the sector. In West Germany currency traders expected the Buck to test the 1.90 Mark level when markets reopen monday. They said the Dollar is now attracting medium and Long term investors who believe the Greenback will continue to climb while offering Good returns in the remaining months of 1988. Every time the Dollar s gone Down investor shave rushed in to buy at the lower Price and it s bounced Back up an american banker said. The belief is that the continued economic expansion will trigger inflation meaning the Money suppl will have to be tightened meaning higher interest rates and More interest in the  even if the Dollar were to lose 10 pfennig against the Mark he said the sustained higher returns Are making the Dollar More  realize they re going to come out ahead of the game no matter  the unemployment figures announced Friday were expected to steer the Market in the remain ing weeks before the release of updated . Trade figures due out aug. 24. The unemployment figures will Only signal whether the Market continues trading where it is or whether the Dollar will explore a new trading Range above 1.90 Marks a West German trader said Early Friday. After that everyone s going to become very interested in what the . Trade deficit has been  the fallow Market kept most other Central Bank from intervening against the Dollar in the past week. The Federal Reserve stayed out completely traders said although the Bundesbank sold about $ 18 million at the close in Frankfurt on thursday pushing the Buck marginally lower. Traders appeared split on whether the Selec Tion of sen. Lloyd Bentsen a Texas As the run Ning mate for democratic presidential hopeful Michael Dukakis would harm or help the Dollar. Earlier predictions had the Dollar hitting 1.50marks if a Democrat took the White House. Now the economic performance of past democratic administrations is being re examined one trader said and the Market no longer necessarily looks for the Economy to suffer if Dukakis wins in november. Other traders however believe the Dollar will lose an instant 5 percent if Dukakis now 17 Points ahead in most polls wins the november race. One trader said vice president George Bush May not be the Best presidential Candi Date America has Ever been offered but he s known overseas and he is a conservative. That counts for a lot among european  new Book helps teach people How to win at capitalism game new York a some of your smartest Best educated friends never catch on to the rules of the game says Allen Cymrot. They live in a capitalist society but they never learn to live As  instead he states they live under constant financial stress forever frustrated by their inability to improve the Quality of their lives. And All because they do not know the name or rules of the game. When you re on the football Field you play foot Ball says Cymrot. And in a capitalist society you should seek to live like a  in his View you should consider yourself a business with a balance Sheet and profit loss statement. You must understand net Worth because it is that rather than current income he contends that raises the Quality of life. Cymrot Learned the lessons a Long time ago prac tired them As an executive responsible for buying an Selling More than $1 billion Worth of property and now As a labor of love wants to teach the lessons. He has written a Book every evening at Home for year on a yellow pad or personal computer to help preach his philosophy that a person is As responsible for personal wealth As surely As for personal  he Calls it Street smart real estate investing butt is More than that. It is a strategy for increasing net Worth and the key to a High Quality material life message that sounds simple but is forever overlooked. Because he is a real estate person he uses real estate to illustrate his concept that the mass of people live lives of quiet desperation because they try to finance everything on current income rather than business in vestments. No matter How Well educated Cymrot laments peo ple make the mistake. But he says 99 percent of the academic curricula that Tell How to make Money offer nothing on what to do with  and what do most people do with it they use it but never really invest it. They live like socialists in a capitalist  Don t know How to generate net Worth so when they run into trouble when they seek to raise the Quality of their lives they want government to legislate wealth for  the theme of Cymrot s Book published by do Jones Irwin is this you must develop a profit and loss statement. Any excess earnings from the pm statement should go int Good investments. Those investments move tangible assets to your balance Sheet. As these investment grow net Worth increases. When you seek to buy a Home a car a boat ordinance your child s education the Money comes from your balance Sheet your net Worth not from your current earnings. These expenditures Are financed by the strength of your balance Sheet. Your income May make the monthly payments but your balance Sheet provide funds for the Down payment he says. He stresses the idea in the Book income buys daily necessities and Little frills assets buy other  Cymrot knows his subject and practices it. He i chairman and director of the National Multi housing Council and former president and director of Roberta. Mcneil corp., one of the country s largest real estate entities. Now chief executive officer of Wood Mont realty advisors inc. Of Belmont calif., a company that in vests in properties for pension funds he continues to build his personal net Worth through outside invest ment activities. It is from experiences with both individual and executive investing that he draws the material for his Book. But the concept does not depend on real estate although Cymrot believes it is a Superior vehicle. An Good investment will do. In his meetings with investors and students he lectures frequently to graduate students he says he has found All human beings have some aspect of Suc Cess in business social life or through charitable involvements. But the vast majority of people Haven t carried that Success into their investment life he says in the  seems to be a Bridge that is  he Hopes this Book can be that Bridge connecting those principles that reflect your Success in other aspects of your life with the investment Side of  business As usual for gis despite Odic s sell off of first Republic Bank by William j. Bartma Washington Bureau the military Bank serving Japan Okinawa an Guam has come under new ownership in a bailout plan aimed at saving the beleaguered first Republic Bank corp. Of Texas. But for Pacific Region customers of the National Bank of fort Sam Houston business will go on As usual said Sandy Faust spokesman for the financial institution based in san Antonio Texas. The Federal Deposit insurance corp. Announced the change july 29. The sell off of fort Sam Houston and 39 other subsidiaries of first Republic was ordered bythe Odic which had provided a $ 1 billion loan that the Bank holding company and its subsidiaries were unable to pay Back. Defense officials said they were kept informed bythe Odic during the Sale of first Republic. Memos were sent to regional military commands in March clarifying the situation with the banking firm. John Barber the Pentagon s director of financial policy said senior officials with the new Bank holding company a cab corp. Of Charlotte n.c., have expressed their commitment to Honor All contractual obligations. On Guam Japan and Okinawa with the defense  no staff changes or service disruptions Are expected he said. Last year because of the Dollar s drop in value against the japanese yen military Banks in Japan were forced to Grant Severance pay to highly paid japanese employee Sand replace them with . Military family members. Federal banking officials said the depressed Oil Andreal estate markets in Texas were responsible for the failure of most of first Republic s subsidiaries. Fort Sam Houston was one of the firm s few banking operations making Money they said. Fort Sam Houston took Over banking services in Japan and Okinawa 18 months ago and has operated Banks in Guam for the past several years. The Bank s contract with the Pentagon expires sept. 30, 1989. It also formerly had operated military Banks in the United kingdom. Fort Sam Houston s new Parent company will be known As a cab Texas National Bank. Barber said it is not known what name will be used to identify fort Sam Houston Bank. Fort Sam Houston Bank has served the military world wide since 1920, starting with direct mail service. We were pioneers in the Early going of Bank by mail Faust said. We think we will continue to serve our customers Well and that s our whole purpose in  the Purchase of first Republic s assets makes a cab which stands for North Carolina National Bank the nation s 10th largest banking company. The other firms that had sought to take Over first Republic s holdings were Citicorp of new York and Wells Fargo Bank of California. . Credit debt increases 10% june rate double previous month Washington up americans borrowed $5.43billion in june an annual rate of growth of 10.2 percent nearly twice As much As in May and far More than analysts had expected the Federal Reserve said Friday. Analysts had expected the report to show about $3billion More in outstanding credit. For the first half of 1988, outstanding instalment credit grew at a 9.4 percent annual rate Well above the 7.2 percent 1987 Pace the fed said. Most of the june additional debt involved such revolving credit accounts As Bank or department store credit cards which shot up at an annual rate of 20.2percent or $2.8 billion the fed said. That followed increases of More than 12 percent inlay and april the fed said. Savings institutions experienced the sharpest rever Sal in credit extended dropping from a gain of $123 million in May to a loss of $456 million in june themed report said