European Stars and Stripes (Newspaper) - November 12, 1992, Darmstadt, Hesse                                Page 12 the stars and stripes Money matters l thursday november 12t 1992 today a rates following arc fixed rates at which Community banking and credit Union facilities will sell for sign currencies to . Personnel for personal use str Man mark.1.55 British Pound.1.55 dutch Guilder .1.75 grate drachma 199.4146 not the rates Bovy apply within the Host country. Figure Ara apr Assad in Dollar to the British Pound other currencies to the Dollar following arc Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies italian lira. 1,356.50 turkish lira .6,096.90 Spanish pasata.113.51 port Gusst atcudo.140.99 austrian schilling.11.155 saudi rial.3.7495 Bahrain dinar.0.37675 Kuwait dinar.0.2977 norwegian Krona .6.4s5 danish krona.6.078 Brash Pound.1.s244 Gorman Mark .1.5865 Staa franc .1.4275 French franc.5.3573 dutch guilder.1.7835 belgian  Canadian Dollar.1.2643 not figures a a apr ssh a in dollars to the British Pound oth a Curry and to the Dollar Gold quota s33195 an ounce she a quota $3.70 an ounce new York Exchange new York ii the 15 most a Tiv stocks in new York Stock exciting co Noste Trad no on to div act Pacific Orp Citicorp Merck $ co inc a corp Dia Grotek inc to Monos 0 my limited Ine Amer express co Wilt Disney co Smorag Pichni Ptiip Morris general motors Duke Power co at amp to company Home St mining sat let notch. 2.749,500 19ft up 1 2,344,700 my up v. 2.297.000 42ft a pvt 2.187,100 65 4 off to 2.139.800 10 i us 1 2,024.300 52v� off v. 1.902.400 23ft off v. 1.810,900 21 i up it 1.733.400 41v. Up it 1.723,300 23ft off it 1.639,700 77v. Up it 1,617,200 sow on it 1,609,100 35 v. Up it 1,582,100 44 it off it 1,515,500 10ft off it c american Exchange 1 new York up american Slock Exchange the 10 most Active stocks in composite trading tuesday. Stack salts Tail net chg. Ivan Coin epitome inc Milhaven Corn Pegasus Goto 665,300 34 it up 1ft 494.700 480.700 24 it 3 up it up it 428.500 13 v. Off 1 Hom amp hardart 390,900 2 5 16 off 3-16 us Bio science 37t, 9ft off it sulcus computer 365,400 9ft off it greyhound lines 357,300 10ft up it Jan Bell Molg 330,700 21ft up it off it Echo Bay mines 306,700 4ft Dow Jones new York up a Dow Jones closing Range of averages tuesday 30 industrials 20 transport 15 utilities 65 stocks hinge 115-40 3266 15 3212 50 3225.47 off _ _ 1399.25 1373 66 1385.15 off 2.21 21670 213 88 215 26 off 0 94 1181.50 1161.65 1168.32 off 4.36 plan would track Sale of junk Bonds Washington apr the National association of securities dealers submitted plans tuesday for a system to electronically Monitor junk Bonds. Nash president Joseph Hardiman said the system which requires approval by the Federal Trade commission would require daily reporting of transactions. High yield corporate Bonds often called a a junk Bonds attract investors by paying higher interest than Bonds that get higher ratings for their stability. But Tunk Bond issuers Are considered More Likely to default on their obligations than the better rated securities. Etc moves to tighten up on credit card Bill scams Washington a the Federal Trade commission put credit card processing companies on notice tuesday that  have trouble with the government if they knowingly handle Sham transactions. The move comes in a Case involving Citicorp credit services inc., which handled paperwork for merchants who sold goods and services to people paying by credit card. The Etc regulators said Citicorp should have known something was amiss with one of its clients bankcard travel club because of the transactions it processed. A Quarter of the club s credit card business resulted in a charge backs a meaning a customer asked that a charge be taken off a credit card and charged Back to the merchant. That figure was 20 times higher than the Industry average the Etc said following a 1987 investigation by the Etc bankcard travel returned $2 million to people who complained that they had been victims of deceptive Billing. The Etc s investigation of Citicorp credit services led to an agreement announced tuesday that the company would improve its monitoring of clients. The Case is not an admission of guilt and the Issue is moot because the company sold its credit card processing service in june. But Barry Cutler head of the it cd a consumer Protection Bureau said the Case is significant. A this is the first time we be gone after a credit card processor for continuing to process credit card transactions even though they should have known there Apfei Sparks Fly from an automated welding unit at a Honda of America Plant in Ohio. Honda in . Marks 1st decade Columbus Ohio a ten years ago Industry analysts wondered whether americans would buy japanese cars made by american workers. The Days of wondering Are Long gone. On wednesday Honda of America marked a decade of building cars in the United states after putting its stamp on the Wray . Automakers make and sell cars. Honda was the first japanese company to make cars in the United Stales. Its cars have sold Well since the company started in the United Stales in 1982 a with 350 employees who turned out accords in Marysville about 40 Miles Northwest of Columbus Ohio. While 55,300 hondas were made in the first full year of production about 452,000 rolled off Assembly lines last year. Rather than Selling Carbon copies of its cars made in Japan Honda redesigned them for the . Market providing More room and better performance than their japanese versions. Honda has become the fourth largest automaker in the United states. The Accord has become the no. 1 Selling car in the country and the top . Export to Japan. The company a . Work Force has also grown. There Are now 10,200 workers at four plants in Ohio a two in Marysville and others in Anna and East Liberty. Was a problem a Cutler said. The settlement requires any future credit card processing by Citicorp credit services to include a monthly Check of the charge Back rate of each of its merchants. Scam operators like to get their victims to charge a product or service to their credit card in part because the Deal can be done Over the Telephone and in part because the operator knows he will be paid by the credit card company and Many people will not contest the charge when it appears on their Bill even though they May know they have been cheated. Some victims do bring challenges and can have the charge removed from their Bill. That is a charge Back because the amount of the transaction is charged Back to the business where the transaction originated. Bankers urge Clinton to Rush a amp a cleanup san Diego apr savings institution executives want president elect Clinton and the democratic Congress to finish the a amp a cleanup quickly. A with the presidency and the Congress in the same political party there a very Little reason Why some things  Start to happen said James Montgomery chairman of great Western Bank in los Angeles. Industry executives said one of Clinton a first tasks should be to ask for taxpayer Money to shut failed thrifts a program suspended since april for Lack of funds. President Bush has spent $88 billion to close and dismantle More than 650 insolvent institutions but his regulators said $42 billion More is needed. It would be spent on the 70 institutions that have been seized by the government but not yet handled and the 100 More a amp is expected to lapse into insolvency Over the next two years. Before the election Congress walked at voting for the Money and Bush was not willing to push for it. Now that the election is Over Clinton should have an easier time the executives said. But on the stump Clinton confined most of his comments on the Issue to criticizing Bush for the cleanups Cost. He said Little about what he would do instead except to suggest that $600-an-hour lawyers fees that cropped up during the cleanup should be eliminated nevertheless Leonard Gudelski president of Hudson City savings Bank in Paramo n.j., said t just done to think its going to be a big Issue. Arid i done to think Clinton a going to have to fight hard to get it out of Congress either i think Congress knows its got to get it done Quot when Clinton turns to the larger Job of reviving the Economy a key part of his program probably will be aimed at boosting housing executives said. As Home mortgage tenders the a amp a Industry stands to Benefit. A if you look Back Over the last eight years the Federal government has kind of wiped its hand of housing. If that changes i think there can be a lot of things done a said Louis Stadler senior vice president of Security Bank in Milwaukee. Because Clinton faces an annual budget deficit of $300 billion or More the country May Well be forced to turn to private lenders such ass amp is rather than to look to government financed programs the executives said