FDIC Insurance Fund Holds Steady Amid Bank Losses and Reforms
The FDIC reports insured banks total deposits about 18,440 billion with annual assessments near 190 million. Investments add roughly 250 million to the fund, while 15 years of trouble have affected 407 banks, 245 in receivership and 162 merged, with losses to depositors under 2 million. Senate bills seek no rate change but consideration of relief, backed by Fed officials urging further reduction.
MENTIONED IN THIS ARTICLE
Mately
Siosses
Bilde
FDIC
Treasury
Federal Reserve Banks
FIDIC
Senate
Thomas B. McGabe
Board of Governors
Federal Reserve System
Budget Board May Use Magic To Hold Tax Rate
Twenty years ago May 9 1990 Corry area education notes report budget pressures as teachers seek higher salaries with other costs. Nursing pageant at Nations Hospital Day on Sunday at Corry Hospital. Mrs. B C Barnes assists. Seven year old Turtle Deuliike injured in swing fall at school, arm fracture near elbow. Antoinette Follies show by Antoinette dance studios staged at Senior High School auditorium. Rehearsals begin for musical romance Once in a Blue Moon by the Dramatic Club at the high school.
MENTIONED IN THIS ARTICLE
Board of Education
Nations Hospital
Corry Hospital
B. C. Barnes
Turtle Deuliike
Cora Dewink
Clymer
Antoinette Dance Studios
Eric and
Corry
St. Goward’s Lodge
Man Sells Businesses to Preach Gospel in Pittsburgh
Daniel A. Marta, owner of the National Torch Tip Company, sold his business two years ago and now plans to preach Christ publicly in Memorial Hall Pittsburgh May 28. He will travel to other cities with no collections, saying he will spend what he needs for his work to help his children. He began studying the gospel at age 20 and is now 50.
MENTIONED IN THIS ARTICLE
Pittsburgh
Daniel A. Marta
Marta
National Torch Tip Company
Memorial Hall
Pair Draws 12 Year Jail Terms In Erie Burglary Case
Crawford county man George H Keeler Jr was sentenced by Judge Burton R Laub to six to 12 years in Western State Penitentiary for burglary. He admitted a March robbery spree with three others including his sister, targeting gas stations after burglarizing two Crawford county houses. Wesley Nick Glover and Raymond Mumford faced pleas and testimony tied to the case. Keeler linked to two Crawford burglaries and implicated by others in 10 more.
MENTIONED IN THIS ARTICLE
Crawford County
Erie
Burton R. Laub
Western State Penitentiary
George H. Keeler
Verdon Township
Helen Weeler Mason
Kearsarge
Wesley Nick Glover
Keeler
Raymond Mumford
Erie G
Glover
Erie Councilman Sees No Loan For Streets Plan
Erie May 8 Councilman Thomas McCarty outlined a two week old streets repair plan and requested financing by Finance Director Kenneth Momeyer. It was once expected a bank loan up to $200,000 would be needed, but Monday it was learned that the program can be funded through regular city revenues. If a loan is later required it would be very small and Momeyer declined to release details of the funding plan.
MENTIONED IN THIS ARTICLE
Erie
Thomas McCarty
McCarty
Kenneth Momeyer
Elby Hall
Momeyer
Senate Bill Seeks Raise in Federal Deposit Insurance
Federal insurance of bank deposits could rise from 5000 to 10000 if the Senate passes a bill. House committees will set hearings soon. Since 1933 the insured share has grown to about 96 percent, with only 45 percent of total deposits insured. FDIC has grown its fund to about 9 billion over its years of operation.
MENTIONED IN THIS ARTICLE
Federal Deposit Insurance
Federal Insurance
Senate
House Banking and Currency Committee
Federal Deposit Insurance Corporation
FDIC
Abolitionist Leader of Harper's Ferry Execution
A historical quiz item asks for the abolitionist leader executed by hanging to end Harper's Ferry raid before the Civil War, challenging memory of the John Brown case and its impact on U S history.
MENTIONED IN THIS ARTICLE
Harper’s Ferry
Paul G Holtman
East River
Truman
Foreign Affairs
Acheson
OAS
Guatemala
Dominican Republic
Guba
U.S
Reopening Planned for Salvation Army Citadel
The Salvation Army citadel on East Washington Street completed extensive improvements including a new ceiling, rewiring, and redecorating. The auditorium events are set for the evenings of May 23 and May 24, with formal reopening scheduled for Monday evening.
MENTIONED IN THIS ARTICLE
Salvation Army
East Washington Street
Citadel
Council plans full meeting on project finance progress
The record notes that a figure has prepared for several days and will present to the council at the meeting. It indicates potential funding through accelerated income and real estate funds. Collections, per a source, surpass expectations.
Woman Head in Slaying in Waynesburg
In Waynesburg Pennsylvania Charles Lee 64 a coal miner died from gunshot wounds after a Sunday night shooting in a Clarksville club His wife Mabel Lee is to be charged with murder State Police Pvt Harald Russell said Lee was killed yesterday following the shooting
MENTIONED IN THIS ARTICLE
Waynesburg
Charles Lee
Lee
Clarksville
Harald Russell
Mabel
Also Mentioned on This Page
Journal Fis
Reneurz JR
Bowers
Emblem Oil Co
Center St
Armitage, Sr
John
Pennsylvania
Duff-Fine
Werc Erie
Duff-Fine- Wood-Livengand-Ball-Gunther
Thame
Tomamber
Eric, Pa
Jownstown
Clearfield
Oil City
W. F
Bradford
A.R
Altoona
Pennsylvania Electric Company
E. T. Gherry
van Heusen
van Chick
van Hensen
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