European Stars and Stripes (Newspaper) - August 25, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday August 25,1994 today s rates following Are fixed rates at which Community banking an credit Union facilities will sell for eign currencies to . Personnel for personal use British Pound 1.59 dutch Guilder 1.68 German Mark 1.50 Mote Tho rates above apply within the most country. Figures Are expressed i dollars to the. British Pound other currencies to the Dollar following Are Interbank rate that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies austrian Schilling i 0.8425 Bahrain Dinar 0.37699 belgian franc 31.79 British Pound 1.5535 Canadian Dollar 1.3745 danish Krone 6.1051 dutch Guilder 1.732 French franc 5.2913 German Mark 1.5428 greek drachma 234.15 italian lira 1,573.00 Kuwait Dinar 0.2972 norwegian Krone 6.7835 portuguese escudo 157.80 saudi rial 3.7503 Spanish peseta 128.69 Swiss franc 1.3007 turkish lira 33,900.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $382.60 an ounce Silver quote $5.19 an ounce sources merchants National Bank & Trust co. And the associated press new York Exchange ,. New York a sales 4 . Price and net change Olathe 15 most Active new York Stock Exchange issues trading nationally tuesday. Name volume la ch0. Team Oxos 6,428,700 66 a  5,153,100 6h a Mcdonalds s 3,932,300 2614 a Philllp morals 3,40 1, 900 56h Compaq s 3,393,700 ism 2,859,100 Pepsico 2,782,900 Nova corp 2,418,100 Gen elect2,365,800globalmar 2,356,900 West Hel 2,268,400 Merck 2,184,600fordmotorj 2,181,200 Rwjr Nab 2,160,300 do Creco 2,066,800 36h -1v4 by unch 34 v4 i h48v4 1 3tt i 12v it 33v4 v29v4 unch 6v unch 69h american Exchange new York a sales closing Price and net change of the 10 most i calve american Stock Exchange issues trading nationally tuesday. Nit volume Lul chg. Chey Fli 2,646,300 11h a pc Ltd 2,513,200 11/16-1/16 Ivan up 945,600 20v4 h Royal Oak 652,900 4 1/16 Weatherd 459,200 13h a Forest labs 457,000 47 -2v4 Echo Bay 396,200 11v unch  297,700 9v it Reyhn done 286,400 4% unch Twa voting 283,000 27/16 i Dow Jones new York a Dow Jones closing Range of aver Ages on tuesday. Low Cloie change 30 industrials 20 transport 15 utilities 65 stocks. High 3804.64 1596.92 189.43 1314.49 3745.07 3775.83 up 24.61. 1576.45 1586.34 up 7.82 186.66 187.71 up 0.92 1295.29 1304.68 up 7.56 covering Retiree by Mike Causey Washington Post Washington confusion about a soon to expire perk could Cost thousands of Federal workers a Chance to shelter their retirement funds from taxes. In some cases the misunderstandings Are caused  workers asking the wrong question. In others personnel offices Are giving out the wrong information to employees who have the Opportunity to retire next month Federal workers have a Little More than a month until sept. 29 to qual Ify for discontinued service retirement involuntary retirement accompanied by a Lump sum payment. It is an amount equal to whatever they contributed to the retirement fund during their years with Uncle Sam. For the typical civil servant that can be quite a chunk equal to about 7 percent of salary. Most of that company retains rights to Swiss army watches Shelton Conn a a Federal court in new Jersey has barred two companies from Selling watches with the Swiss army Brand name in the unite states the company that holds the rights to name said tuesday. The. Preliminary injunction against Phoenix Universal Ltd. Of Manasquan n.j., and . Co. . Of Switzerland protects the trademark rights of the Forschner group inc., Forschner said. Forschner along with its subsidiary Swiss army brands Ltd., is the exclusive distributor of Swiss army knives arid watches in the United states Canada and the Caribbean. Money can be rolled Over into an individual retirement account if a worker is forced to retire by the september dead line. Lump sum payments Are not related to Severance pay or buyouts. Workers who get Der related Lump sum payments can get Severance pay. While Many Federal personnel offices Are up on the difference some Aren t or have confused buyouts with Lump sum payments. A buyout is a sum of Money equal to an employee s Severance entitlement or $25,000, whichever is less. A buyout is subject to taxes and deductions the typical buyout after taxes and deductions is $18,000 or less and it cannot be rolled Over into an Ira. Typical of the confused feds is Gary schuster with the irs in Detroit. He was told he could t Roll Over the Lump sum payment. When the irs tells you that and you work for the irs you can get nervous. He asked for the official word which follows in an office of personnel management retirement Counselor letter dated dec. 16,1992. It reads in part Public Law 102-318 allows certain kinds of payments to be rolled Over to an other eligible retirement plan including an Ira. If not rolled Over payments Are subject to mandatory tax  kinds of civil service retirement system and Federal employees retire ment system payments that can be Roll Dover include the taxable portion 85 to 90 percent generally of Lump sums paid As the result of an election of an alternative form of annuity. The taxable portion of the fers Basic death Benefit. And in Terest on a refund of retirement deductions unexpected contributions paid As a death Benefit excess retirement deductions or voluntary  Montana residents Lead nation with 6.3% jump in 93 income Washington a residents of Montana new. Mexico Florida and Idaho led the nation last year in income growth aided by such factors As a Boom in housing construction a pickup in manufacturing and strength in service. Jobs. By contrast North Dakota Iowa Cali fornia and new Hampshire registered the weakest growth in incomes As Resi dents of those states faced a variety of troubles including floods cuts in military spending and lingering effects of the 1990-91 recession. The Commerce department on tues Day released a revised ranking of growth in per capita income for 1993, showing a wide geographic divergence ranging from a 6.3 percent jump in Montana Al nost double the National average to no growth at All in North Dakota. Residents of North Dakota Iowa Minnesota and Nebraska which All ranked in the Bottom 10 in. Percentage gains were Hurt by the devastating midwestern floods the government said. California hard hit by military cuts and the past recession posted the third smallest gain last year Vith incomes in the aerospace Indus alone falling by 14.2 percent the government said. But residents of Montana and Idaho had big increases reflecting heavy de Mand for lumber from last year s housing Boom. Analysts said those gains were not Likely to be repeated this year because higher interest rates have already Ait sharply into Home sales. Income gains in Western states such As new Mexico and Southeastern states such As Florida reflected in part Strong population growth As businesses moved into those areas said economist Mark Zandi of regional financial associates a state by state listing of per capita incomes for 1993. Followed by each state s ranking in income growth last year and the percentage Point change from 1992. Income Funk change income rank Chang income Ala. Alaska Ariz Ark. Calif. Colo. . . A. Hawaii Idaho Iii. Irod. Iowa Kan. $17,106 23,006 18,119 15,994 21,884 21,475 27,957 21,735 29,836 20,710 19,203 23,378 17,540 22,534 19,161 18,324 19,874 24 29 26 42 48 12 40 39 3 18 13 4 28 14 49 31 3 7 3.4 3.6 2.6 1.34.4 3.0 3.0 5.4 5.2 4.0 4.3 5.2 3.54.2 0,8 3.4 . Mainerd. Mass. Mich.   . . . , . $16,954 16,588. 18,775 23,920 24,475 20,542 21,017 14,708 19,559 7,413 19,757. 22,747 22,169 26,732 16,333 24,771 18,688 35 3.2 8 4.6 33 3.3 37 3.1 27 3.6 11 4.444 2.5 7 4.7 36 31 ,1 6.3 41 2.8 16 4.1 47 2.045 2.4 2 5,2 43 2.6 5 4,8 . Ohio . . . . Texas Utah Viva.  . $17,123 19,627 17,033 19,447 21,241 21,203 16,810 17,977ia,4is 19,134 16,138 19,442 21,544 21,773 16,148 19,822 19,724 502.1 3220 386 1925 1022 1530 3446 17.23 9 03.7 3.4 3.9 3,14.8 4.03.6 453.7 4,13.4 3.22.2 4.03,7 4.5 1 source a in West Chester a. A lot of Western states Are showing Good income gains because of people and businesses leaving California while the Southeast is benefiting from continued immigration from people leaving the Northeast he said. For the nation As a whole per capita incomes Rose 3.2 percent last year the Commerce department said. This rep resented a slight downward revision from an april estimate of 3.5 percent. The report showed 40 states had in creases in per capita income that exceeded a 2.8 percent Rise in consumer prices last year meaning incomes in those states at. Least kept up with inflation. Last year s gain in per capita income compared with a much stronger 4.9 per cent Rise in 1992 but was better than the 2,8 percent gain recorded in 1991 As the recession was ending. Is Susan Harris after Montana the biggest income gains were in new Mexico Florida and Idaho All with increases of 5.2 percent followed by North Carolina and Rhode Island at 4.8 percent Mississippi 4,7 per cent Louisiana 4.6 percent and Wyom ing and Tennessee at 4.5 percent. After North Dakota states in the Bot Tom 10 were Iowa up Only 0.8 percent California up 1,3 percent new Hamp Shire up 2 percent Washington 2.2 per cent new Jersey 2.4 percent Minnesota 2.5 percent new York and Arkansas 2.6 percent and Nebraska 2.8 percent. Connecticut continued to enjoy the highest level of per capita income $27,957, in 1993, followed by new Jersey and new York. Mississippi was at the Bottom at $14,708, followed by Arkansas and Utah. National per capita income was $20,781 last year. Airline sets fare but keeps destination a mystery Indianapolis a Call it magical mystery tour on a Cut rate Bud  airlines is offering approximately 300 round trip tickets for one Day visits from Indianapolis to any of 15 cities for Only $59 each or $99 per couple this week. That s the Cut rate. The mystery is travellers won t learn which cities they will visit until they a. Rive at Indianapolis International Airport on saturday morning. I think hopefully it will tweak the adventuresome spirit in Many of us said Northwest spokesman Jim Faulkner. The tickets were sold on a first com basis beginning wednesday. Northwest in t revealing All 15 Desti nations but new Orleans Minneapolis and Philadelphia Are among them. The airline is using the trips to Adver Tise its nonstop service from Indianapolis. It will conduct mystery Tours from other cities if this one is a Success. The airline often offers special one Day saturday trips to such places As the mall of America in Minneapolis