The howard savings institution ¿ A case history in real-time data processing

Nine years ago, in 1953, The Howard Savings Institution of Newark, N. J., launched a research study into automation. Today, Howard Savings Institution customers are enjoying the benefits of the fastest, most accurate savings accounting system in the world. This paper describes the customer benefits, the electronic data processing system that makes them possible, and the advantages and disadvantages of real-time data processing for the savings bank industry.