European Stars and Stripes (Newspaper) - June 19, 1991, Darmstadt, Hesse                                Wednesday. June 19, 1991 the stars and stripes b. Page 17 _ Money matters today s tip designating the beneficiary of a life insurance policy is generally an easy task. But confusion can result if you want to Divide the proceeds of an estate among various family members and heirs. If a outre unsure How your beneficiary designation is recorded Check your policies. Military Legal affairs offices can also help sort out life insurance  rates London up a tuesdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $370.00 an ounce Silver at.s4.50. British Pound. German Mark. French franc. Dutch Guilder belgian franc. Italian lira Swiss franc greek drachma turkish lira/.,. Raudla Rahbari riyal., Spanish peseta. Portuguese , austrian schilling.,./ Rii Regian Krone danish Krone these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.77 through wednesday based on tuesdays noontime Price fixing. New York Exchange new York up a the 15 most Active stocks in new a York Stock Exchange composite trading on  june 17. June 18 1.6235 a 1.6105 .1.7985 1.8115 6115 6.16b .2.028. 2.043 .37.0103 37.3275 i-342.65 1.350.90 1.5465 1.5575 196 01 197.37 4 254 20 �4,281.10.�3.75 3.7501 .113.10 a 113.70 .159.22 160.05 .1.1425 1.1413 .12.66. 12.759 .7.041. A 7.096 .6.9455 6.994 Stock. Computer Assoc general motors ism corp. Mcdonalds corp Pepsico inc arms inter inc Glaxo holdings a Rwjr Nabisco hid get corp us Marathon Philip Morris a. Conner Perl Perl. Chase Manhattan. Mrs mkt inc mtr a at amp to company. Sales 2,293,400 a 1.645.700 1,627,400 Quot i ,613,800 1.609.600 i606,400 1.408,900 1.351,100 1.331.600 1.296.700 1.247.600 1,170,300 1.115.700 1,061.800 1 055,000 last 10% 43% 99% 32% 30% 7% 42% 11 29% 2466% 16%. 19% 7% 37% net chg. A a up % a a off % Quot of it of %. Unch a a a a a Ott % off %. Up %. Off up % off % Quot of off %. Off a a up a american Exchange new York up a the 10 most Active stocks Iri american Stock Exchange composite trading monday. Stock. A Wang labs inc b Conti air Hodgs Ivan corp / Energy service Amdahl corp Echo Bay mines. Elan corp pc am swat mtg inv a a Alza corp a Phi Long d Tel sales last Nelcha. 523.400 3%. A. Unch 353,900. 2 a a unch 235,700 27% a off % 221,000 a 3% / a Quot up % 213.000. 15% a unch 202,300 9 up % 184,600 a 33%up % 160.100 8 of % 178,400 58% a a off 1 �175,300�?�19%. Of in Dow Jones. New York up a Dow Jones closing Range of averages monday a a a a a \ 30 industrials 20 transport 15 utilities 65 stocks. High 3021.69 1245,42 210,39 a 1087.60 a Low 2977.86 1221 61 208.19 1071.16 close 2993.96. 1226.02 �?�208.56 1075.85 change of 6.49 Oft 864 Oft 1.64 off 4.72 to is m by Albert b. Crenshaw the Washington Post Washington. A figuring out which Bank pays the highest interest on your Money ought to be fairly easy. You find out what interest rates arc being paid and take the highest fight unfortunately it Isnit that simple. In fact it in t simple at All. The advertised rate is Only the beginning. Banks have literally dozens of ways of calculating interest each of which can raise or lower a a sometimes dramatically a the amount of Money actually paid at a Given interest rate. To determine what your Money will really earn you need to know not Only the rate but also How often the interest is compounded and on what balance. Compounding a in effect the frequency with which you Are credited with interest earned and can begin earning interest on interest a can be daily weekly monthly quarterly or whatever the Bank chooses and even the time periods vary. You probably think that there Are 365 Days in a year but your Bank May think there Are 360. Then there a the question of How much. Money you have in the account. V Flere again there Are Many different ways of looking at it. You May think you have $1,000 in your account. But if your Bank uses the a i Nestable balance method of figuring interest it sees Only $880, the portion it uses to calculate interest. Worse if. It uses the a flow balance method it May see Only say $45, if your balance dropped that Low during the compounding period. The situation has become so Complex a and in the eyes of some so deceptive a that a a consumer today really has no Means to calculate How much Money they will a consumer today really has no Means to calculate How much Money they will really have at the end of a Given time a rep. Richard h. Lehman really have at the end of a Given time a said rep. Richard h. Lehman a Calif. The result Lehman said is that institutions compete with a teaser ads and other promotions that suggest they pay High rates while they Are in fact manipulating the calculations to reduce what they actually pay depositors. Lehman and some other members of Congress lire pressing to give Consumers a fighting Chance. The House banking committees consumer affairs subcommittee recently approved a Bill that would require Banks and savings institutions to disclose in Clear written form the technique they use for calculating interest. The institutions would have to disclose the annual percentage yield on interest bearing deposits. A a a a a a a. This Means that Banks would have to give a figure for the interest that would really be paid after All the twists and turns have been taken into account. In addition the measure would prohibit the a i Nestable balance method of computing interest. Under this method which applies to clothing customers agree cafes should Stock basics by Chuck Roberts staff writer Ramstein a Germany a cafes is asking customers for suggestions be a fore placing its orders in a few weeks for Spring and summer clothes for 1992. The top cafes clothing manager in Europe told a group of people Here monday that customer input is needed throughout Europe to get the right clothes in the right stores. V Ray Gilliam asked a group of about 20 men and women to give their local Exchange managers specific information about what brands they would like to see in their local exchanges. Gilliam warned that stores that done to provide specific information when ordering will be sent a random assortment of fashions from the fashion distribution Center in Dallas. A a the women who had gathered from the Kaiserslautern military Community had a variety of specific requests but they All agreed that cafes needs to get Back to the basics. They said they wanted less Christian dior and More clothes such As Basic blouses or skirts that can be bought at reasonable prices. One customer described what they wanted As a knockabout clothes.�?�. Jewelle Burch was so determined to get this Point across that she wore a White Blouse and a Brown Cotton skirt to the forum so that managers could see for themselves what customers mean by. Basic. A a a a a a a a a a a a a a a a a a a a a a a a a Burcl and the others said they Felt that too much display space in the stores is devoted to High priced items. The women also requested that special display space be devoted to Petite and larger sizes and that cafes decrease the variety of shoes it buys and increase the size so acc lion. A a a a a a a. At the end of his presentation Gilliam gave the women a preview of what new fashions customers can expect to see in cafes stores this fall. The list includes a sweaters especially in Europe where the weather is often cold arid Rainy. Cotton sweaters will be popular because they can be worn a shh or without a shirt underneath. A baggy pants will continue to be at popular item Gilliam said. Skirts also win contain More material with the length of skirts dipping As Low As the Middle of the calf Gilliam said. A faded Denim will continue to fade but Gilliam said the dark Blue color will be coming Back in style again. A rounding out the list were ties with wild designs Stirrup pants for women pants suits and dresses with jackets. Interest bearing checking accounts Banks Don t pay interest on 12 percent of the depositor s  rationale for this is a regulatory requirement that compels them to set aside 12 percent in a Reserve to protect against a surge of withdrawals. Since this Reserve cannot be invested and thus earns the Bank nothing the Bank figures it  pay interest on it. Consumer groups applauded the banking subcommittees measure us a step in the right direction but they expressed concern that it would not go far enough Edmund Mierzwinski of the . Pub lie interest research group told the subcommittee that he and other consumer advocates would like to Sec the Hill prohibit other a onerous Quot methods of interest calculation. Mierzwinski expressed concern that Banks might simply switch to something like the a flow balance Quot method in which. Interest is calculated on the lowest bal Artie in the account. Ato illustrate he said if an account had $1,000 in it every Day of the month except the last Day when it dropped to $45, under the Low balance method interest would be paid on Only $45. But an institution that used the average daily balance would pay interest on $968 representatives of the banking Industry said that most Banks use the average daily balance method and already disclose their calculations Russell s. Dunman of the first Alabama Bank testifying for the american Bankers association called the measure a regulatory overkill a Dunman and Joe below president of the consumer Bankers association also opposed the measure because it does not apply to Mutual funds which compete with Banks for Many of the same dollars. Delinquencies on Loans Rise a by the Washington Post Washington although there Are growing indications the recession is casing a new report on Bank loan delinquencies suggests Many american households arc still having trouble managing their debts. The study by the american Bankers association showed that More borrowers fell behind on their consumer loan payments during the first three months of the year. The slippage was apparent in a wide Range of debt including car Loans personal Loans and credit cards. Overall the delinquency rates were highest in the Northeast with 5.61 percent of ail consumer Loans delinquent in new Hampshire Tor example. Massachusetts was next with 5,38 percent followed by new York with 4,15  Arizona by contrast Only 1.25 percent of Loans were behind. Aba chief economist Robert Dugger attributed the rising delinquencies to a a h Tighe r u  and lower personal income resulting from the  he also noted that delinquencies traditionally Rise during the first Quarter of the year Quot because Many Consumers  Holiday spending get the Best of them play catch up for a few