European Stars And Stripes (Newspaper) - November 27, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday november 27,1988 investor s guide by Bill Doyle you contend that Money covered by Federal Deposit insurance is Rock solid Safe and you have said so in you column a number of limes. Well 1have it on expert author Ity that the backing or Deposit insurance is not a Mailer of Law that in is Only the Boyl sense of what s o pre vent Congress from changing it mind on this vital subject a the simple fad but members of Congress like their Job. Abolition of Federal Deposit insurance would cause such a uproar incumbents would t Aland Chance fretting re elected. The sense of Congress you mention stems from a Resolution adopted on March 13, 1981, read ing As follows whereas since the 1930s, be american people run relied upon Federal Deposit insurance to insure the safety and Security of their Hinds in federally insured depository institutions whereas the Security of such funds is an essential element of the american financial system now therefore be it resolved the the House of the Senate unanimously concurring Reaf firm that deposits no to the state Cdr Luj prescribed amount in federally in silted depository institutions Are ached by the full of nil and credit of the United Money in institutions covered by the three Federal Deposit insurance agencies the Federal Deposit insurance corp., the Federal savings & loan insurance corp and the National credit Union share insurance fund remains Rock solid Safe up to the insurance limit of $100,000 per depositor. In this world anything can Chane. However the possibility of Congress changing its mind on this subject which you aptly Call Altal to less than Remote. Forgive me for being colloquial but it Aln l Gonna happen. Q. Despite the safety of Bank ands a deposits covered by Federal insurance 1 feel that putting Money in & solvent institution is the Best policy. How can 1 find out if a partic ular commercial Bank savings Bank or so is considered troubled As the Buzz word goes and in danger of being closed or merged a. Gel hold of the institution Slatest financial statement which any Bank or so should be Willingto provide. The most important thing to calculate is toe ratio of net Worth in As that s arrived at by dividing the number listed As equity by total assets and multiplying by 100.the answer is a percentage figure. Federal benchmarks set that ratio at i percent for commercial Banks and 3 percent for thrifts is and savings Banks. A institution with � lower ratio is counted As being troubled in some statements "equity11 i called total stockholders equity in others it s called net the ratio of net Worth to assets is also known a capital ratio or capital Many Hanks and a is especially those in Good financial shape will Volunteer their capital ratio when you make phone Call. i Miconi Roui Bantre. You cd in to turn in cobol tha sowl my Shiffl Apo 09211, . business news Market gained in slow week new York up the Stock mar Ket polled Broad gains in extremely slow trading surrounding the thanksgiving holi Day last week despite being pressured by concerns Over key economic issues. The Dow Jones Industrial average which fell 17.60 Friday closed the week at2074.6s. For the week however the Blue Chip Index gained 12,27 Points. Broader Market indicators also gained on the week. The new York Slock Exchange composite Index Rose 0.45 to150.63. Standard and poor s 500-Stock Index advanced 0.76 to close the week at 267.23. Declines however led advances 973-739 among the 2,120 issues traded. Big Board volume totalled 431,486,580 shares compared with 680,359, is last week and 568,970,030 a year ago. The Stock Market showed signs of end ing its Post election slump As prices Rose steadily through the Middle of the week despite government reports that showed the Economy was growing at a on tuesday the labor department re ported that the consumer Price Index Rose 0.4 percent in october. On wednesday the. Commerce department said factory order for durable goods Rose 2.4 percent in octo fund prices from Page 22 Ber compared with a decline of 2,9 percent in september. After taking the Day off thursday to observe thanksgiving Day Stock prices fell broadly lower on Friday amid fears of inflation tied to higher Oil prices and a weak Ness in Bonds As the organization of Petro Leum exporting countries scared an agreement to limit production. Oil stocks rallied on news of a cutback but issues such As airline stocks gave up gains won earlier in the week As open Progress toward limiting Oil production Sig naked higher fuel prices. Ricky Harrington a technical analyst with interstate securities corp. In Char Lotte North Carolina said the Market suffered from Lack of breadth As concerns Over the Dollar s weakness the huge Trade and budget deficit and higher interest rate narrowed trading Toi few selected issues. While Little happened during the week to Case worries about the Dollar tears of higher interest rates were heightened Friday after worse than expected october irad data released in London caused the British government to hike the lending rate 1 percentage Point to 13 percent. 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