November 6, 2008
Foreign currency trading – 7 billion of 1940.
This kind of growth is very rare, even among the most highly priced popular issues. In 1958 alone, the savings and loan industry achieved a net gain of $6.2 billion in deposits, compared to $2.3 billion for mutual savings banks. In 1959 it scored its greatest rate of gain in history against only a slight year-to-year gain for most other savings and banking institutions. In 1960 its assets rose to $60 billion, and they are expected to climb to $165 billion by 1970”a big stride for any industry in a single decade.
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