Business: Breathing Spell

The Federal Reserve Bank Building in Manhattan is particular about its tenants. Brokerage firms or other private financial companies are unwelcome. Two weeks ago the tenants, all on the fifth floor, consisted of two insurance agencies, an architect, a management company, and the offices of the national bank examiners and the New York State Bankers Association. To these was added last week National Credit Corp. which took space on the sixth floor occupied in part last year by New York Telephone Co. Driven rapidly forward by the Corporation's president, Mortimer Norton...

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