European Stars and Stripes (Newspaper) - April 20, 1992, Darmstadt, Hesse                                Monday april 20, 1992 the stars and stripes a Page 17 Money matters today a tip Citibank the nations largest issuer of Bank credit cards says it will begin offering cards bearing a photograph of the Holder. The photo cards would Cut Down on the fraudulent use of stolen and lost cards and offer customers another Type of identification Industry consultants say. Citibank with More than 30 million credit card customers would be the first major card issuer to offer such a  rates London up a because of the Good Friday Holiday these Are thursdays 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 $337.00 an ounce Silver at $4.00. April 16 april 17 British Pound.1.7579 1 7488 German mark.1.6675 1�686 French franc.5.6125 5.6356. Dutch guilder.1.8676 1.8770 belgian franc.34.160 35.15 italian lira.1,248.10 t,254.50 Swiss franc.1.5445 1.5448 greek drachma.193.76 193-76 turkish lira.6,439.50 6,439.50 saudi arabian rtyal.3.7495 3.7495 Spanish peseta.104.09 104.09 portuguese escudo.142.25 47-25 Canadian dollar.1.1803 1.1803 austrian schilling.11.6750 11.6750 norwegian krone.6.4990 6.4990 danish krone.6.4310 6.4310 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of British pounds to . Personnel for personal use and these will be $1.79 for a Pound and 1.62 Marks to the Dollar based on thursdays closing rates.8.000 Banks will disappear expert predicts Atlanta up a As Many As 8.000 . Banks two thirds of the Industry eventually will disappear the chairman and chief executive officer of nation Bank corp. Said. Hugh l. Mccoll jr., head of the nations fourth largest banking company said that during the next decade or two a two out of three players in our Industry will disappear. A most will be involved in mergers but some institutions will fail Mccoll said during a recent conference of treasurers for Southern states. He forecast that a handful of major Banks will survive and the rest will be Small Community oriented institutions. Although ongoing consolidation of the Industry is widely expected few Industry watchers have predicted so Large a demise of Banks. Asked How his Bank will compete against Germany a Deutsche Bank which is expected to dominate All of Europe after the european Community sets up an integrated economic Union in december Mccoll said a we can to. And we can to compete against japan.�?�. Mccoll said restrictive Laws and regulations prohibit . Banks from reaching the size of european and japanese Banks. Those shackles must be lifted he said so that some . Banks can grow into huge institutions. A i mean Meg Abanks a he added. Richard Corriveau found work a by running a free classified and in response to a Boston newspapers offer for jobless people. Papers let jobless run free classifieds by Jonathan Yenkin a business writer Boston a the unemployment checks were running out for Laid off trucker Richard Corriveau and no jobs were in sight. His prospects changed when he took advantage of a newspapers offer to run free classified ads for people seeking work. Other papers around the country Are doing the same thing a to help out in the recession and attract More advertisers and subscribers. A there is a Public service aspect but it also has a goal of building the paper a said j. Kendrick Noble a newspaper Industry consultant. Last month More than 10,000 people submitted ads when the Boston Globe ran a free classified and program said Richard Gulla a Globe spokesman. The five line ads normally would have Cost each person around $22. A no one was presumptuous Here to think we could create jobs a Gulla said. A but if we could match up people with available investors guide jobs we thought we could do a Good  the Springfield  Union news and the new Haven Conn Register have initiated similar programs and the Washington times is considering free ads for Job seekers. Corriveau 44, of Lawrence had been out of work for several months when he mailed in his and to the Globe. �?o1 had no leads. I had nothing in the fire until this thing appeared in the paper a he said. After several employers contacted him Corriveau accepted a bus Drivers Job with greyhound. Newspapers themselves Are facing some of the toughest times they have seen in years. The recession has Cut into advertising Revenue depressing profits and forcing Many papers to trim payrolls. Experts say the free and programs can be costly. The Globe estimates its program Cost about $60,000. The Blade citizen in Oceanside calif., ran hundreds of free Job wanted ads earlier this year but probably wont do it again said Ira Rosenthal manager of classified advertising. Quot the business is just not out there for us to go out there and play philanthropy or a Rosenthal said. Barry Haselden classified advertising manager for the Orlando Sentinel in Florida said his newspaper considered offering the free ads but decided against it. He said it would be too hard to screen the ads to make sure they were from people without jobs. The expenditure can pay off for newspapers by showing readers and employers the usefulness of classified advertising said Joann Gocking executive director of the association of newspaper classified advertising managers. Stan Erickson general manager for the journal of Commerce in new York said simply a classified begets  his newspaper has run free position wanted ads each of the past five years around thanksgiving. A we did it altruistically Quot he said a but we found it was useful from a business  Bonds offer crazy quilt of interest rates by Bill Doyle q. I know the annual interest rate on series be . Savings Bonds cannot fall below 6 percent. But what is the guaranteed rate on series e Bonds and a Freedom shares purchased in the 1960s and 1970s? a. Its either 6 percent 7.5 percent or 8.5 percent depending on the Date on which each was issued and the Date on which it entered an extended maturity period. Right now e Bonds with the following Issue dates Are accruing interest at a guaranteed 7.5 percent March 1953 through november 1957, february 1965 through december 1970 and november 1977 through june 1980. E Bonds issued in the following months currently build up guaranteed interest at 8.5 percent March and april 1952, March 1963 and january 1965, and March 1975 through october 1977. All other e Bonds Are accruing interest at a guaranteed 6 percent or have reached final maturity and stopped accumulating interest. A Freedom shares a another name for . Savings notes now accrue guaranteed interest at 6 percent if issued from May 1967 through August 1967, at 8.5 percent if issued from september 1967 through april 1968, and at 7.5 percent if issued from May 1968 through october 1970. Most yes including the ones now being sold currently accumulate guaranteed interest of 6 percent. The exceptions Are be Bonds issued from november 1982 through october 1986, on which the minimum guaranteed rate now is 7.5 percent. Yes it is a crazy Doyle quilt on which changes keep happening. . Savings notes were issued with original maturities of 4vi years yes with original maturities ranging from eight to 12 years and is with original maturities from five to 10 years with strange numbers such As seven years nine months and nine years eight months thrown in. All three have been granted extended maturities during which they continue to accrue interest. The guaranteed rate drops to 6 percent ones yes and . Savings notes entering an extended maturity after october 1986. E Bonds issued before december 1965 reach final maturity 40 years after their Issue dates the others reach maturity in 30 years. Q. The personnel director at work gave a Pep talk about the payroll savings plan for Purchase of be Bonds. She said employees  a focus on the Bonds guaranteed interest rate a but should consider the a Market based rate a which she said is higher. Is that True a. Generally yes. Since november 1982, yes is and . Savings notes held five years or longer accrue interest at either their guaranteed rate or a Market based rate whichever is higher. That Market based rate changes every May and november and is equal to 85 percent of average yield on . Treasury securities with five years remaining until their maturity dates. Its currently at 6.38 percent. This arrangement dates Back to nov. 1, 1982. Since that Date the Market based rate has been higher than the guaranteed rate for every six month period save one. From May through october 1987, the Market based rate was 5.84 percent. The guaranteed rate was 6 percent Back then and is still 6 percent. Doyle welcomes written questions but he can provide an Ewers Only through his column. King features Syndicate inc