European Stars and Stripes (Newspaper) - November 13, 1992, Darmstadt, Hesse                                Friday november 13, 1992 Money matters the stars and stripes b Page 17today�?Ts rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use Trman Mark.1.55 by Tylah Pound.1.56 dutch guilder.1.74 greek drachma 201.2756 not the rats above apply within the Host country. Figures Art expressed in Dollar to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies italian lira .1,360.00 Turkla lira.8,095.78 Span Lah paaata.113.47 Poutu guava Acudo .141.00 aunt plan schilling.11.15 saudi rial.3.7495 Bahrain dinar.0.37675 Kuwait dinar.0.2976 be Raglan Krona.6.457 danish Krona. 6.079 by Tylah Pound.1.5230 Garman Mark. 1.5870 Swiss frane.1.4355 franch franc .5.5230 dutch Guilder  1.7847 belgian franc a a a a a a a a a a a a a a a a a a a a a a As 32.65 Canadian Dollar.1.2631 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $333.00 an ounce Silver quote $3.72 an ounce new York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on wednesday. Sleek sales Lett net dig. Health Trust inc 12.776,700 16 up Merck $ co inc 4,076.200 44 it up 2 off fat Home shopping 3,300,600 4 vibe corp 3,145,000 65 off it Glaxo holdings 2,974,800 24ft up a off Vejr Nabisco hid 2,724,000 8ft Citicorp 2,138,400 18ft up1 up 2ft up a Bristol Myersq Tel Fonos of my 2,017,200 1,991,000 68v 52ft fed dept stores general motors 1,985,200 17 up it 1,980,100 30 a off ban America 1,972,900 43 off at amp to company 1,896,300 45v up in Walt Disney co 1,887,600 41v off Uniss corp 1,611,900 3ft upyt american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading wednesday. Stock sales last not chg. Do corp 740,500 13v up1v. Amdahl corp 683,200 8 of a Hill Haven corp 641,100 3 unch data ram corp 462,900 11v up 2 it sulcus computer 419,700 9 unch Jan Bell mtg 415,300 21v up Iva corp 410,400 34 a up Pegasus Gold 401.400 13 off Alc common corp 337,900 9 up Echo Bay mines 327,000 4ft unch Dow Jones new York up a Dow Jones closing Range of averages wednesday High Law close change 30 industrials. 3258.70 3203.31 3240 33 up 14.86 20 transport 1391.39 1374.87 1381.72 off 3.43 15 utilities 216.83 214.26 216.57 up 1.31 65 stocks 1177.72 116050 1171.42 up 3.10 chamber fears recession soon May grip . Again by the Baltimore Sun Washington a in a strikingly pessimistic forecast the . Chamber of Commerce warned wednesday that the Economy is headed Back into recession within 18 months unless the Clinton administration adopts a significant pro growth policies. The forecast was at Odds with the assessment of most economists who Sec slow but sustained recovery throughout 1993. But it reinforced president elect Clinton a assertion this week that there Are still a a lot of very troubling signs in the  it will also strengthen the Case Clinton is expected to make at his economic Summit in Little Rock ark., next month that the Economy is in even worse shape than generally realized. William k. Macreynolds director of the chamber a economic policy Center in Washington said Quot the Economy is clearly different from what the outgoing administration has been saying a namely a just wait and things will get  a the chamber predicts that the Economy As measured by the Gross Domestic product will grow at 2.7 percent in the first Quarter of next year spurred by the estimated $20 billion Cost of reconstruction in Hurricane stricken Florida and Louisiana. It then looks for the Economy to Retreat Back to 1.7 percent and 1.3 percent in the second and third quarters before dropping to a dismal 0.8 percent in the fourth. The Gross Domestic product is the sum of All goods and services produced in the United states. In its quarterly economic Outlook issued wednesday the chamber said Quot Exford set to reveal new executive team by the associated press Ford motor co. Was expected to identify thursday the executive team that would Lead the no.2 automaker until at least the turn of the Century Industry sources said. The changes including the installation of Alexander Trotman As president of the Ford worldwide automotive group have been anticipated for months. The Board also was expected to name Allan p. Gilmour and Louis Ross As vice chairmen of the Board said a person familiar with the decision who also asked not to be identified. Sophisticated junk recycling expert Masaru Ichikawa stands amid some 600 tons of discarded computers at his shop in Toyota City Japan. But they won t be junk for Long. Ichikawa collects and repairs abandoned computers from All Over Japan then resells them for about 10 percent of the original Price. Airlines put off fare hikes by 2 Days by the associated press major airlines have postponed for two Days a Domestic air fare increase that had been scheduled to take effect thursday. Continental airlines of Houston announced system wide increases of up to $70 each Way on unrestricted Domestic fares two weeks ago. American airlines said later that it would increase unrestricted fares Between $10 and $30 each Way while it would boost Domestic excursion fares by $5 to $15 each Way. But those rates affected Only connecting markets and did not include any non Stop travel. United airlines and Northwest airlines then said they would make the same increases As american but would apply them system wide. Delta air lines matched american and some of the United airlines and Northwest increases. On wednesday All five airlines said they would not begin the increases until saturday. At the same time Continental backed off its original projection Matching the system wide increases of $10 to $30 each Way on unrestricted fares and $5 to $15 on excursion fares. Separately Northwest said wednesday that it is cutting Winter Leisure fares up to 35 percent for travel Between 25 Domestic Market. And the rest of the country. The Prici Quot lion follows a fare Cut announced Las a Eek for 22 markets that was to end thursday. Pensions at less than 2 percent lasting for periods of up to a year historically arc not sustainable. They arc More correctly classified As periods of pc re pcs Sion leading almost without fail to recession. Quot unless there arc pro growth Federal policies enacted that reduce regulations curtail Federal spending growth and Cut taxes there is a distinct possibility of recession in 1994.�?� conflicting with the chamber s assessment the economic forecasting Center at Georgia state University in Atlanta predicts that economic growth will expand next year from 2.8 percent to 3.5 percent. Donald Ratajczak the Center s director said wednesday that he was a far away from the chamber s forecast adding Quot we arc looking at  rules revised to Aid fund offerings new York api Citibank has drastically overhauled its checking account requirements in a bid to steer More business toward its Mutual funds analysts say. Citibank has sharply increased minimum balance requirements for free checking but did so with a twist. Its probably the first Large Bank to permit Consumers to count investments in securities held in a Bank Mutual fund toward the minimum checking requirements said Fritz Elmendorf spokesman for the consumer Bankers association in Arlington a. The move is simply More leverage for Citibank to Market and increase its Mutual fund business he said. A investment products arc where much of the action is in the banking Industry now a Elmendorf said. The change permits Citibank to More closely integrate its checking savings and Mutual fund businesses be said. A Force behind these trends has been the Federal reserves aggressive cuts in Short term interest rates Over the past three years. That s driven Home mortgage rates to the lowest Levels in two decades and savings account rates to depression Era Levels. As savers witness a Sharp plunge in passbook account rates and yields of certificates of Deposit Bankers have been shepherding bewildered borrowers to Mutual funds they sponsor. Quot with savings accounts earning so Little it s More important than Ever to pay attention to fees and charges a said Robert Heady publisher of the Bank rate Monitor an Industry newsletter in North Palm Beach Fla. Citibank on tuesday doubled the minimum a from $3,000 to $6,000 a for free checking that does no to pay interest for combined balances in All accounts effective Jan. 1. The minimum jumped to $10,000 from $5,000 for free interest bearing checking for combined balances in traditional accounts and iras. For customers with Only a regular no interest checking account the new minimum balance will be $2,000 previously Citibank offered free checking for $3,000 in combined accounts. Analysts said other major Banks Are not tinkering with their minimum balance requirements to this extent. They also said it does no to necessarily signal a new round of Bank fee increases