CURB ON INTEREST; House Passes a Bill to Let Three Agencies Regulate Rates House Passes Bill on Interest Rates
HR passes Adm-backed bill giving Reserve Bd, FDIC and HLBB more authority to regulate interest rates on savings accts; bill substituted by 104-39 vote for Patman measure to limit interest on bank interest; Reprs see Patman bill driving funds out of savings accts, raising interest rates elsewhere; HR includes in Adm bill statement favoring lower rates