GOODS & SERVICES: New Ideas, Nov. 16, 1953


TV Banking. The New York Savings Bank began remote control banking in its Rockefeller Center Branch, where tellers use closed-circuit television to check signatures and account balances kept at the main office. Because records are centralized, the branch needs only half the usual working space, hopes to be able to cut costs 25%.

Tiny Titan. The first commercial transistor powerful enough to replace vacuum tubes in control devices for industrial machines was announced by Minneapolis-Honeywell Regulator Co. The size of a thimble, it is 100 times more powerful than any transistor yet available, said Honeywell, can handle 20 watts...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!