Search the Archive

Economy / Prime Interest Rate Increase #292664

CBS Evening News for Monday, Aug 08, 1983
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Expected rise in prime interest rate reported Treasury Secretary Don. Regan's remarks with regard to relationship between federal deficits and interest rates noted. STK. MKT. REPORT
REPORTER: Dan Rather

(NYC) Effect of interest rate increase on recovery outlined. [Citibank spokesperson Leif OLSEN - explains why increase took place.] New York City banks involved in increase noted to be Citibank, Chase Manhattan, Chemical, Bankers Trust; in Chicago, First National; in Pittsburgh, Mellon Bank. Possible effect on housing cited. [Atlanta developer John WIELAND - questions whether housing can stay in recovery period.] [Chicago resident Susan PARDISO - discusses feelings with regard to possible home purchase.] Concern on Wall Street described; drop in Dow Jones Inds. stated. [Econ. Alan GREENSPAN - predicts effect of interest rates on recovery.]

(Studio) Federal Home Loan Bank Bd. report with regard to mortgage rates cited. United States dollar costs against German mark, French franc and Japanese yen noted.
REPORTER: Dan Rather

Brady, Ray;
Rather, Dan

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.