Regional President Speech

REMARKS BY SILAS KEEHN U.S. BOND DRIVE, MAY 19, 1988 1. Pleased to be here as we begin the 1988 United States Savings Bond Drive 2. This year's theme is "The Payroll Savings Plan -- Your Passport to a Better Future." Emphasize in this campaign that savings bonds can help make a better future for all of us, individually and as a society. 3. You have a very important job to do -- You are the personal contacts with the employees, providing them an opportunity to help themselves as they help our country. 4. Buying savings bonds help people help themselves save. Bonds provide significant advantages for individuals: • a convenient, easy way to save; • an excellent supplement to, but not a replacement for the Thrift Plan; • bonds pay competitive market-based rates of interest; • are exempt from state and local taxes; and • if given as gifts to children, can have an even greater tax benefit. Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5. Buying saving bonds helps our country, by helping to increase our national savings. • Many people associate savings bonds with patriotism during war times, but buying bonds are also important now . • The current trend of Americans' savings rates is quite disturbing, both for the well-being of individuals and also for the outlook for a continuing strong economy. 6. I feel it is very important that the Federal Reserve do its part in promoting U.S. bonds sales since our job as an institution is to promote a strong economy. Buying bonds is a personal expression of our commitment to our mission as an institution. 7. Our 1988 goal is to increase employee participation from 35% to 50% -- an ambitious goal, but with your help, and with everyone pulling together, we can reach it and, for the first time, make the Treasury Department's Honor Roll of companies with at least 50% participation. 8. Finally, I would like to express my personal appreciation to you for participating in this drive. You are doing an important job, a job for which not only I, but also your co-workers thank you. Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis

Silas Keehn (1988, May 18). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19880519_silas_keehn

@misc{wtfs_regional_speeche_19880519_silas_keehn,
  author = {Silas Keehn},
  title = {Regional President Speech},
  year = {1988},
  month = {May},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19880519_silas_keehn},
  note = {Retrieved via When the Fed Speaks corpus}
}