Finance and Financial Management Commons^™

The Development Of Collective Investment Funds For Bank Trust Departments, Floyd L. Parks

Masters Theses

Introduction

In recent years the policies of many of our financial institutions have changed to meet the public demands and the degree of competition. It hasn't been too many years ago when most bankers felt that an automobile loan should be repaid in 24 months rather than the 36 month period which is now common. Some lenders today are even offering a 42 month repayment period. It wasn't too long ago when most banks were paying 2 1/2% on their savings accounts while the standard rate now is 3%, with most banks offering an even higher rate of 4% for …