Today's chuckle: by Harlan Collins

Charleston Gazette;  November 7, 2003 ;     8 words ...Worry is like paying interest on a loan you don't owe.

INTEREST SHOWN IN NEW MUSLIM MORTGAGE PRODUCT

Scotland on Sunday;  May 10, 1998 ;     312 words ......religion, which forbids them earning or paying interest. The Islamic Investment Banking Unit...profit from doing nothing. Earning and paying interest poses problems as no work or trade...many Muslims do not like earning or paying interest but do not have any choice. Most Muslims...

D'AMATO AND GREENSPAN DISCUSS FED PAYING INTEREST ON BANK RESERVES

Capitol Hill Press Releases;  July 23, 1997 ;     381 words ......D'AMATO AND GREENSPAN DISCUSS FED PAYING INTEREST ON BANK RESERVES WASHINGTON - At a...merits of the Federal Reserve Bank paying interest on banks' required reserves, saying...Greenspan said that the Fed would support paying interest on bank reserves. I am concerned that...

Delay in interest payments set to cost small businesses 8.8m pounds

Scotland on Sunday;  July 21, 2002 ;     368 words ...THE three-month delay in paying interest to Scotland's small and medium...Natwest have agreed to delay paying interest at 2.5% below base on business...openings this year. HBOS has been paying interest on small business accounts...

Interest on business checking bill could stimulate economy

Community Banker;  April 1, 2003 ;     333 words ......give community banks the option of paying interest on the checking accounts of their...D-- Pa.), would repeal the ban on paying interest effective one year after enactment...banks hold at Federal Reserve Banks. "Paying interest on required reserve balances will...

Religion prohibits Muslim students from paying interest

University Wire;  November 7, 2002 ;     486 words ......Because Islam prohibits Muslims from paying interest, they have to find other ways to pay...provide loans with an alternative to paying interest. It has been stated clearly in the...college if there was an alternative to paying interest, he said, adding this would lead to...

Stopping Bank `Sweeps' of the Fed's Reserves

The Washington Post;  August 21, 1997 ;     700+ words ......institutions have been prohibited from paying interest on regular checking accounts because...Perhaps the major argument against paying interest on reserve balances has been the cost...the Senate Banking Committee that paying interest on reserves "would give us a greater...

Munster bank chairman testifies for bill

Post-Tribune (IN);  March 14, 2001 ;     286 words ......Tuesday to give banks the option of paying interest on business checking accounts as a...because we do not have the option of paying interest on business checking accounts, which...business option." Repealing the ban on paying interest on business checking accounts is also...

High Street banks in France to pay interest on deposits.

Sunday Business (London);  April 17, 2005 ;     417 words ......des Caisses d'Epargne, will start paying interest on current accounts for the first...French law had prohibited banks from paying interest on deposits. But the European Courts...have prepared for the possibility of paying interest on chequing accounts, we believe the...

HOUSE APPROVES BUSINESS CHECKING LEGISLATION

Capitol Hill Press Releases;  April 11, 2000 ;     700+ words ......checking accounts. The prohibition on paying interest on demand deposits is a depression...marketplace. Initially, the effect of not paying interest on demand deposits was minimal because...prohibition on depository institutions paying interest on demand deposits. Given the ...

FRANCE COMPLIES ON CURRENT ACCOUNTS.(Brief article)

European Report;  April 4, 2008 ;     113 words ......monetary code) that used to formally prohibit banks from paying interest on current accounts. The Commission's initial decision to...EU member states to the French market, because the ban on paying interest on current accounts deprives banks of an instrument that...

Your MONEY: Time to take interest in personal banking;...

The Mirror (London, England);  November 29, 2007 ;     189 words ......A survey by money website Fool.co.uk found most people paying interest on their credit cards have money in savings or lying idle...what they owe. The survey found one in six people who were paying interest on their cards had at least pounds 3,000 in savings. This...

Why the bulk of mortgage payment goes toward interest

Chicago Sun-Times;  November 3, 2002 ;     333 words ......your monthly mortgage check you are paying interest on the loan, a small portion of the...the second month, you are no longer paying interest on $100,000. You are now paying interest on the outstanding balance of your...

Islamic institution blesses interest

The Arab American News;  December 6, 2002 ;     335 words ...Conservative Islam's opposition to paying interest on savings could be in line for a shake-up after the...contributors, they say, is broadly similar to a bank paying interest using the profits it makes on commercial deals using...

Fed lowers rate, considers paying interest on reserves

Northwestern Financial Review;  May 15, 2008 ;     86 words ......2006, when it was 5.25 percent. At its April 29-30 meeting, the Federal Reserve Board also discussed the possibility of paying interest on reserves banks are required to keep on account at the Fed. In 2006, the law was changed to authorize the Fed to pay interest...