Personal income increased 0.3%, or $65.3 billion, in April, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 3.6%. Meanwhile, personal consumption expenditures increased 0.2%, or $39.1 billion.
ABA donates to Texas flood relief efforts, urges bankers to contribute
ABA will donate $10,000 to Texas Bankers Foundation to assist with immediate disaster response and recovery following the recent catastrophic flooding in Central Texas.