credit union plans to open a branch in the city's Puerto Rican Cultural Center.
The first cash dispenser debuted in Long Island, N.Y., in 1969. Two
years later, the first multi-function automated teller machine went
into use in Atlanta.
Fast-forward to fast cash in 2007. People in
the U.S. made 14.9 billion transactions on the 415,321 ATMs last year,
up from 10.7 billion transactions on 139,134 ATMs in 1996.
Another month, and the economic situation is still
uncertain. In May, oil charged toward $140 a barrel, gasoline prices hit $4 a
gallon, and the unemployment rate spiked. At the same time, retailers indicated
that consumers actually may be spending money, and the housing market showed
the first signs of finding a bottom. With data like this, economists need a
crystal ball - not an economic model - to figure out where things are going.