Federal agencies raise savings rate caps to aid housing
The Fed and FDIC, after days of meetings with the FHLBB, boost bank savings deposits to 4 percent, raise time deposit ceilings to 7 percent for large sums, and allow 5 percent on short and midterm notes. The action aims to channel savings into banks while not easing credit restraints, as lenders seek to spur housing demand. A separate crash report details a Route 6 collision near Union City injuring Raymond Nelson and Eugene Thomas, with charges for the driver who failed to stop. A second collision on Route 89 near Spartansburg damages Cheryl Brenner and Leroy Denham. investigation continues. In Jim Thorpe, girls may wear slacks for a one-month trial in the local district, mirroring similar rules in nearby districts.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Federal Deposit Insurance Corporation
Fed
FDIC
Federal Home Loan Bank Board
Savings and Loan
Savings and Loan Associations
FHLBB
Route 6
Union City
Union City Hospital
Roscoe Mitchell
Waterford
Norbert Irish
Raymond Nelson
Graves Street
Nelson
Eugene Thomas
Ohio Street
Thomas
Mitchell
Cheryl E. Brenner
R.D. 3
Spartansburg
Leroy Denham
RD. 1
Centerville
William Barbour
Brenner
Denham
Jim Thorpe
Jim Thorpe Area
Lehighton
Palmerton
Panther Valley
Tamaqua
Paving and Curbing Bills To Be Sent Soon
Property owners on nine city streets will receive assessment notices from the city treasurer soon. Paving and curbing costs vary from $1.60 to $4.07 per front foot depending on work done, with a total assessable amount of $85,999 and city contributions noted. City policy covers overlays and storm drainage while owners pay for widening and curbing along their frontage. newer details show the average city share around 69.8 percent.
MENTIONED IN THIS ARTICLE
Washington Street
Worth
York
Duane
Marion
Grand Streets
Shady Avenue
Wayne
East Washington Streets
Maple Avenue
East Washington Street
York Street
David Johnson
Columbus Township Wins Fight Over First Traffic Signal Contract
Supervisors of Columbus Township challenged the state of Pennsylvania and forced the highway department to install traffic signals on Route 6 and Scotts Crossing road near the Erie Lackawanna tracks. The Public Utility Commission ordered the state to negotiate, marking an unprecedented move. The township, lacking funds, argued the signals must be erected, and the state waived its usual process, awarding the contract to Cobain Electric Service of Franklin. The completed installation improves safety on Scotts Crossing and reduces crossing hazards once Erie Lackawanna gates are added.
MENTIONED IN THIS ARTICLE
Columbus Township
State of
Pennsylvania
State Department of Highways
Public Utility Commission
Highway Department
Route 6
Scotts Crossing
Erie Lackawanna
Franklin
PUC
Columbus
Cobain Electric Service
Jack the Giant Killer
Pentagon Plans Gradual Army Cutback by 1972
Pentagon planners forecast Army strength dropping to about 14.7 divisions by 1972 as the U.S. shifts from a global police role. Slow troop withdrawals from Korea and NATO expected, with emphasis on a central U.S. based reserve and greater reliance on nuclear forces. Some foresee NATO levels down to 50,000 by 1975 while Russia withdrawal may accompany the move.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
United States
Vietnam
U.S
Eisenhower
Kennedy
Robert 5. McNamara
Defense
Congress
Nixon
South Korea
Europe
Eliot L. Richardson
Chicago
NATO
Iron Curtain
Rockets and Mortars Hit U.S. Bases in Vietnam
Viet Cong conducted the heaviest rocket and mortar attack in months, striking 51 allied bases and towns. U.S. and allied forces reported killings of at least 127 enemy fighters across border clashes, with 2 American soldiers and 23 wounded. American bases including Long Binh and Bien Hoa targeted. heavy raids by 52 bombers. A terrorist blast hit a Saigon theater, evacuating an enlisted billet without injuries.
MENTIONED IN THIS ARTICLE
Saigon
U.S
3Rd Corps
Vietnam
Long Binh
Bien Hoa
U.S. 1St Air Cavalry Division
Bu Dop
Ben Het
Revoke Svetlana Alliluyeva Soviet Citizenship
In Moscow the Soviet government revoked the citizenship of Svetlana Alliluyeva, daughter of Joseph Stalin, for acts defaming the citizen title. Defecting to the United States in 1967 she resides in Princeton New Jersey. The Presidium of the Supreme Soviet lifted her citizenship on December 19. She has stated in the United States she has no intention to return.
MENTIONED IN THIS ARTICLE
Moscow
Svetlana Alliluyeva
Joseph Stalin
Union City Council Their 5 658 Dump Truck Purchase and Appointments
The Union City Council approved Kiromy-Nichols bid of 5658 for a two and one half ton dump truck. Mayor Harold Maynard named six borough posts: Norman Troyer director of personnel and planning, Robert Michel director of safety, Earl Shreve director of parks and recreation, Connie Ainsworth director of public works, Glen McKinney director of finance, Maynard director of administration, and appointed Roman Bem Jdr as part time patrolman. The council also passed an ordinance forbidding snowmobile use on sidewalks and discussed state fund withdrawals from traffic signal modernization and budget impacts. Additional actions included attendance at a legislative conference, bypass changes, a ten year rubbish collection contract with Joseph M Tomeho, planning commission setup for French Creek Regional, a February meeting, and an $11,000 ambulance payment with half to be requested from the State Highway Safety Fund.
MENTIONED IN THIS ARTICLE
Union City Council
Harold Maynard
Kiromy-Nichols
Maynard
Norman Troyer
Robert Michel
Earl Shreve
Connie Ainsworth
Glen McKinney
Roman Bem Jdr
Union City
Corry
Harry Smiley
Harrisburg
Wth
Joseph M. Tomeho
French Creek Regional Planning Commission
Union City High School
Cadillac
Pfund Superior Sales Company
State Highway Safety Fund
Four Point Five Million For UC Dam Work
U S Corps of Army Engineers received funds for three dams in the French Creek Valley Crawford and Erie counties. Allocation for fiscal 1970 includes Muddy Creek design 100000 union city construction 4500000 Woodcock Creek 1500000. Other district projects funded Erie Harbor operation and maintenance 130000 Presque Isle Peninsula state reimbursement 310000 Shenango River reservoir Venango County 165000.
MENTIONED IN THIS ARTICLE
U.S. Corps of Army Engineers
French Creek
Crawford
Erie
U.S
Joseph P. Vigorito
Corps
Congress
Army Civil Works
Muddy Creek
Union City
Woodcock Creek
Vigorito
Erie Harbor
Presque Isle Peninsula
Shenango River
Venango County
Inside Biafra Refugee Crisis Faces Hunger and Atrocities
Reporters touring Okporo area view starving refugees and looting by Nigerian soldiers. Refugees carry belongings on heads, seek scarce food at roadside markets while women and nurses recount assaults. British doctor recalls threats to his life and urge to aid casualties amid chaos near Port Harcourt.
MENTIONED IN THIS ARTICLE
Owerri
Nigeria
Biafra
Biafrat
Tye
Port Harcourt
Also Mentioned on This Page
George H. Carswell
Sth Circuit Court of Appeals
Tallahassee, Fla
State
North Atlantic Treaty Organization
Svetlana
UC Council
Biafran
Colchester
Phil
Okporo
Cyprian Ekwensi
Bibi
Paul Ohagwa
Theresa
Caroline
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