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Big Christmas Club Dollars: $111 Million Boost For California Economy.


SAN FRANCISCO--(BUSINESS WIRE)--Nov. 22, 1994--California shoppers have $111 million more spending power The power of legislatures to tax and spend.

Spending power is conferred to state and federal legislatures through their constitution. Judicial Review of legislative spending varies from state to state, but the law of federal spending informs courts in all states.
 as Christmas holiday shopping shifts into high gear.

That's what That's What is one of the more idiosyncratic releases by solo steel-string guitar artist Leo Kottke. It is distinctive in it's jazzy nature and "talking" songs ("Buzzby" and "Husbandry").  was paid to more than 165,000 California savers through their 1994 Bank of America
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Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
 Christmas Club accounts. Retailers throughout the state stand to gain.

Traditionally people use Christmas Club money to buy gifts, pay for trips, taxes and other expenditures they might have during the holiday season.

Savers choose monthly, semimonthly sem·i·month·ly  
adj.
Occurring or issued twice a month.

n. pl. sem·i·month·lies
A semimonthly publication.

adv.
At intervals twice monthly. See Usage Note at bi-1.

Noun 1.
, biweekly or weekly automatic transfers of at least $20 to their Christmas Club account from a BofA checking, money market, or savings account Savings Account

A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates.

Notes:
. -0-

For total dollars paid out in your county:

Contact: John Stafford, Northern California, 415/622-6953

Charlie Coleman, Southern California, 213/228-3258

CONTACT: Bank of America
              John Stafford, 415/622-6953
              Charlie Coleman, 213/228-3258
COPYRIGHT 1994 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 22, 1994
Words:133
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