Word: sanfrancisco
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Dates: during 1960-1969
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...resulting battle for savers' favor, there are three prime adversaries: commercial banks, savings banks, and savings and loans associations. All have been wooing funds by raising interest rates on deposits to levels not seen since 1929. Many commercial banks in New York and few from Chicago, SanFrancisco and elsewhere have been attracting money from all over the U.S. by paying up to 5½%. Trying to keep up, some savings banks will lift their rates on ordinary savings accounts from 4½% to 4¾% next month. Many savings and loan associates have already boosted theirs...