BANKING: Well-Earned Raise

The 17,000 U.S. banks that struggle to keep track of some 18 billion ration points a month got a well-earned boost last week. For eight months they have operated "checking accounts" for U.S. retailers, who deposit their ration coupons periodically, then draw upon them to replenish their stocks. But although OPA is paying the banks some $12,000,000 a year for their pains, most of them arestill losing money on their deal with the Government. Last week, therefore, OPA raised their fees for opening and handling accounts by about 25%, to somewhere nearer the break-even...

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