Impact of Default By NYC on National Banks
Regulators said 53 national banks could face insolvency or liquidity problems if New York City defaults on its debts. Banks hold NYC and state securities as collateral. a default could force new collateral requirements and trigger broader risk if collateral loses value. Overall impact seen as troublesome but controllable with limited system dislocations.
MENTIONED IN THIS ARTICLE
Washington
New York City
Comptroller of the Currency
James E. Smith
Comptroller’s Office
Smith
House
Federal Reserve Board
Federal Deposit Insurance Corp
Comptroller
New York State
Florida
U.S
Alaska
Idaho
Montana
Oregon
New York
Treasury
William E. Simon
Felix Frohatyn
Municipal Assistance Corp
Masked Sadists Terrify Town in Halloween Crime Spree
In Clermont Florida a group of masked gunmen has terrorized homes across West Orange and South Lake counties. Six break ins in four weeks include rape and assault. residents warned to keep children off streets as 60 officers patrol. Vigilante fears rise while authorities link incidents, noting some victims harmed with drain cleaner and eyeglasses stomped. The gang targets valuables but seems driven by thrill rather than money.
MENTIONED IN THIS ARTICLE
Clermont
Fla
Florida
West Orange
South Lake Counties
Orange County
Mel Coleman
Lake County
Coleman
James Kelly
Winter Garden
Kelly
Majorie Bray
West
Spain Referendum Sparks Fragmented Political Scene
Spain shows a national referendum in progress with about 20 percent of potential voters aligned with a dozen unofficial groups. Opposition groups include the Platform of Democratic Concordance led by the Socialist Workers Party and the Democratic Junta of Spain led by the Communist Party. The throne has been vacant since 1931 after Alfonso XIII fled amid municipal election backlash.
MENTIONED IN THIS ARTICLE
Spain
Platform of Democratic Concordance
Socialist Worker's Party
Democratic Junta of Spain
Spanish Communist Party
Alfonso XIII
NYC Seeks Federal Aid With Street Demonstrations
New York Governor Hugh Carey urges mass street protests in Times Square to press for federal loan guarantees as Congress debates aid bills for New York City. Senate and House committees advance loan guarantee plans up to 7 billion and 6 billion respectively, tied to balanced budgets and default provisions.
MENTIONED IN THIS ARTICLE
Washington
Congress
New York City
New York State
House
Thomas L. Ashley
Ohio
Senate Banking Committee
Senate
Federal
Senate Judiciary
New York
Hugh L. Carey
Times Square
Ford
Firecracker Smoke Alarmed Lincoln Avenue Residents
Residents in a Lincoln Avenue apartment were alarmed Thursday evening when they saw smoke outside their unit. Athens firemen said the smoke likely came from an exploding firecracker. GLOUSTER The Young American Singers under Mrs. Bonnie Christman will give their final fall performance Sunday at 7 p.m. at the Glouster Church of Christ. public welcome.
MENTIONED IN THIS ARTICLE
Lincoln Avenue
Athens
Glouster
Bonnie Christman
Glouster Church of Christ
Sherwin-Williams Decorating
Ohio
Sherwin-Williams
D. L. Blair Corporation
United States
Idaho
Maryland
Missouri
Wisconsin
Sherwin-Williams Company
Also Mentioned on This Page
Nyc
Bob Tanner
Carey
Fusal
New York Day
Jerry Adams
Council
City Hall
Crystal Pool
West State
Jerry L. Adams
Democrat Pd
Citizens For Adams
Greg Black
Chmn
Ellsworth J
Lolden
Holden For Council
Evonne Langebach
Ee ‘Pol. Pol
Ity
Phyllis Katz
Keen Hatz
Katz
Betty Patrick
Columbia
Council-At
Charles E
Charles White
White
E. Tuckerman
Treas
Richland Ave
Pol. Adv
Sherwin
Williams
Mreu
Kodak
Sherwin- Williams
N. Court St
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!