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Federal board probes Lockheed loan obligations
The Emergency Loan Guarantee Board reviews whether Lockheed Aircraft Corp fulfilled its contractual obligations to the government in loan backing. If found in breach, the board could halt future guarantees unless Lockheed agrees to full disclosure of overseas payments. Undersecretary Schmults cited Sunday remarks on potential actions.
MENTIONED IN THIS ARTICLE
Amithan Federal Board
Lockheed Aircraft Corp
Nmng ‘H
Pal
Beaver
Schmults
the Treasury
Tioan Guarantee Board
Lockheed
Secretary of the Treasury
William E. Simon
Arthur F. Burns
Federal Reserve Board
Ray Garrett ,Jr
Securities and Exchange Commission
Garrett
SEC
William P. Rogers
Commission
Congress
Loan Board