Hearing on State Bank Interest Rates Deferred May Be Held
Minnesota Acting Banking Commissioner Clarence Lodahl announced a January hearing on state bank interest rates and new regulation to allow higher payouts. Farmers & Mechanics Savings Bank of Minneapolis said it will boost investment and savings rates January 1, while other banks followed suit amid Fed rate moves. The hearing will address raising the maximum on time certificates of deposit from 4% to 5% and balance competitive conditions with federally chartered banks.
MENTIONED IN THIS ARTICLE
ST. Paul
Minnesota
Clarence Lodah
Farmers & Mechanics Savings Bank of Minneapolis
Savings and Loan
Federal Reserve Board
Lodahl
John Chisholm
Close Shave as Earth Mover Dashes Into Bedford Barbershop
A 55 000 pound earth mover crashed through the front of a Bedford barbershop injuring no one. Postmaster Coleman Musgrove, in the third chair, escaped unharmed as the driver Jack Jones of Bedford swerved to avoid a car that pulled in front of him and lost control.
MENTIONED IN THIS ARTICLE
Bedford
Coleman Musgrove
Jack Jones
White Buying Offsets Black Christmas Campaign in Fayette
In Fayette Mississippi white merchants reported offsetting losses from a Negro boycott as civil rights leaders mount a Black Christmas campaign. 2,000 marchers planned. Gov Johnson urged National Guardsmen and highway patrols as a precaution while Negro leader Charles Evers maintains the boycott until demands are met.
MENTIONED IN THIS ARTICLE
Fayette
Miss
Associated Press
Paul B. Johnson
Jimmie Walker
Ku Klux Klan
Walker
Gov. Johnson
Charles Evers
Jackson
Consumers to Have Plenty of Potatoes
The agriculture department reports no potato shortage this year. Supplies on hand as of December 1 totaled 147.7 million hundredweight, 28 percent more than the previous year, as consumption of fall crop potatoes remained at record levels while prices rose last year due to a small crop.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Winter Storm Deluges Western States With Snow and Sleet
Snow sleet and rain spread across the West while mild weather persisted elsewhere. A central Rockies system dumped snow across eight Rocky Mountain states and flagstaff reported up to 16 inches. Northern Arizona and New Mexico saw heavy mountain snow warnings and flash floods occurred in central Arizona.
MENTIONED IN THIS ARTICLE
Associated Press
Rockies
Rocky Mountain
Arizona
New Mexico
Nevada
Utah
Idaho
Colorado
Wyoming
Montana
Flagstaff
Ariz
South
Estern
Dakotas
Minnesota
Nebraska
California
Texas
Oregon
Baker
Ore
Erstwhile Refugees Fired From Jobs by Castro Regime
Cuban authorities order firing of workers who plan to join relatives in the United States. Hundreds have been dismissed as the Castro regime cracks down on the refugee airlift between Varadero and Miami. The American Embassy in Havana reports widespread questions from would be refugees. Swiss officials say they cannot accelerate departures.
MENTIONED IN THIS ARTICLE
W. Joynes Macfarlan
Washington
Defense Department
Selective Service System
Selective Service
Viet Nam
Pentagon
Sions
Havana
United States
Fidel Castro
Varadero
Cuba
Miami
Fla
Also Mentioned on This Page
U.S
Freeborn — Mower Electric Cooperative
Church Sone - Bondsnits of
Keenan & Clarey, Inc
Minneapolis 2
Minn
Dick Mitchell Agency
Fairview
Owatonna
By Isaac M. Flores
Bregtings
ART Sparks & Son
Sargeant
Austin Utilities
First Avenue N.W
First Street N.W
N.W
First Avenue
Austin
Harold J. Lamon
Austin, Utilities
Willard Block
W. D. Dunlap
Exec
Austin State
Federal Deposit Insurance Corporation
Austin State Bank
Savings
Down Town
Merry Christmas
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