Gore to unveil savings bonds with rates tied to inflation

Article Abstract:

Vice-President Al Gore will announce that the government will issue new US savings bonds whose return rates will be tied to the rise and fall of inflation. The new bonds, in 8 denominations from $50 to $10,000, will mature in 30 years. Other inflation-indexed bonds have been available to large institutional investors since 1997 but the new bonds are intended to appeal to small private investors who are seeking secure tax-free investments. Six of the new bonds will become available in September 1998 while the $200 and $10,000 denomination bonds will be issued in May 1999.

Comment:

V-P Al Gore announces new savings bonds whose return rate is tied to inflation

United States, Government Bonds, Geographic, Demographics

---

Foreign banks pulled out of Asia late, a report says

Article Abstract:

A report studying the Asian currency crises indicates that international banks pulled much of their money out of Asia during the second half of 1997, particularly in Thailand and South Korea. The report, authored by the Bank for International Settlements, says loans to China increased but loans to other Asian nations fell, sometimes significantly. Decreased lending in Asia was more than matched by increased loans to other developing regions such as Latin America and Eastern Europe.

Commercial Banks, Commercial Banking, Research Findings, International economic relations, Developing Countries

---

Similar abstracts:

• Abstracts: Mining moves to meet a looming shortage of the right stuff. Rio Tinto chief spells out why diversity needs to be kept intact
• Abstracts: Bill would allow foreign banks in Del. Home sales strong, despite a dip
• Abstracts: Microsoft and Compaq align strategie in the corporate computing market. U.S. is wrestling over limits on high-tech exports to India
• Abstracts: After big bank merger, CoreStates customers prove ripe for taking. U.S. Bancorp to buy $2.5 billion in stock by end of March 2000
• Abstracts: Sale is very beneficial for its CEO. Banking on a community. First Union out to smooth feathers

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.