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Checking Accounts and Interest / Senate Probe #494150

NBC Evening News for Monday, Jun 20, 1977
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(Studio) Senate subcommittee studies proposal that banks pay interest to checking account holders.
REPORTER: John Chancellor

(DC) Some New England banks were given congress approval to test practice 2 years ago; details noted. Treasury Secretary Blumenthal asks that all cntry.'s banks be allowed to use method. [Senator John TOWER - asks with regard to who will pay, what they'll pay and with regard to amts. involved.] [BLUMENTHAL - can't give exact answer.] Effects of plan noted.
REPORTER: Irving R. Levine

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:01:50

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