Banking: A New Set of Priorities

Americans have lately gone on a savings spree. So far this year, they have been salting away 7.10 of each dollar —a nine-year high and far above the 5.50 considered normal. Deposits have been rising at an annual rate of 17% at commercial banks, setting new records for eight months running at savings banks. The nation's savings and loan associations, which were left dry by a net outflow of $1.4 billion in July 1966 because of the money crisis, last week reported a healthy $64 million increase in funds for July 1967.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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