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To: RealMuLan who wrote (34963)	6/13/2003 9:12:33 AM
From: John Carragher	Read Replies (2) \| Respond to of 74559

"Banks charge fees in the hundreds of billions of dollars, in real cash. To boost Personal Income by $300 billion (where no cash changes hands) because banks don't charge you enough for the privilege of living off your float, is a joke! Even when you have deposited a check into your account, and the bank has good funds, they can easily take up to a week or two to clear those funds for use. Banks are so friendly!" Bank I have charges no fees... none.. as I have a home equity loan.. very competitive... also depending on bank they will not hold up deposits depending on source.. wire transfer of course no hold.. corporate payroll checks no hold in talking with bank manager.. I charge everything to credit credit card like fleet which in turn kick back cash each year a % of total expendures. Always pay on time monthly. bank will also process direct payments up to several a month, free.. and of course there is paycheck on line to pay other items such as credit cards without mailing and postage. Cannot remember last time I used a atm machine... hardly ever use cash. ps refinance four months ago.. no fees,, called Sunday based on new rates.. no fees.. yup.. refinance in process and got a commitment on Monday. g

To: RealMuLan who wrote (34963)	6/13/2003 12:55:28 PM
From: energyplay	Respond to of 74559

Hi Yiwu - Average household income in the US is about 40K. Most of the savings is done by people making much more money, a lot of it from capital gains - but it is still savings - availible as capital. Some savings comes from putting small amounts of money in the bank. Savings also comes from buying some asset, wait a number of years, then selling it, and then moving the money to the bank. People with incomes of 80k are at least 10%. In the San Francisco Bay Area of California (a rich area) maybe 20%. The household accounting numbers are strange.... There are lots of reasons to be concerned about the US economy, but this number isn't a useful guide to real savings rates.