Controversy over high dividend raises at savings and loan associates
A Wall Street Journal discussion highlights S L associations offering 5 percent dividends, especially in Southern California, and the risk of higher lending. It explains federal insurance coverage up to 10,000 per account for insured accounts, the 30 day withdrawal notice and rotation system if withdrawals exceed available funds, and differences with banks under FDIC. The piece notes long term mortgage investments and reassuring past stability, while outlining protections if insolvent.
MENTIONED IN THIS ARTICLE
California
Wall Street Journal
Federal Savings and Loan Insurance Corp
Journal
Federal Deposit Insurance ‘Corp
La.c
Mexican Labor Bill Action Delayed in Senate
Senator Ellender announced he will delay bringing up the Mexican farm labor bill until after foreign aid legislation is resolved. He cited a request from Senate Majority Leader Mansfield to postpone the move and focus on current foreign aid proceedings.
MENTIONED IN THIS ARTICLE
Washington
Alen J. Ellender
Dla
Senate
Ellender
Mike Mansfield
Montara
Christine Simko Sheds Fears Faces Cancer Surgery
An 11 year old Cleveland girl Christine Simko fled hospital fearing surgery to treat hip cancer. She rode a bus home overnight and slept in a basement, while a judge had authorized the operation despite her mother Lily Simko opposing it. Doctors say it offers a 20 percent survival chance. Christine remains under juvenile court jurisdiction.
MENTIONED IN THIS ARTICLE
Cleveland
Christine Simko
East Cleveland
Christine Tan
Metropolitan General Hospital
Christine
Lily Simko
Simko
Juvenile Court
Cuyahoga County
Rumaing
Also Mentioned on This Page
Lac
LA Coffins
Bove Épinics
Gonday
Beas
Calif
Eer Court
Los Angeles
Mat
Talibation
Leyncoln
Long Ronch
Lira
Eatrancel
Porte Ave
Betwee Pate
Cater
Pela
ST Will
Braribel Olea
San Luis
Mexico
Children’s Hospital
John Wilson McConnell
The
Montreal Star
Canada
Montreal
Richard Honeck
United States
Sinois Parole Board
Honsch
Associated Press
Honeck
Fred Wallace
Oklahoma
David E. Soules
Dal 5
Wallace
Baylor Hospital
Dallas
Grand Cross US
Otto Preminger
Rome
Order of the Knights of the Holy Sepulchre
Carolina
Preminger
Formosa
Lin Fan-téy
Perent Ft
Lakewood Center
Harris Ghiank
Long Beach
Lakewood Blvd
Honel Plaza
Santa Ana
Thers
South Bay Center
Redondo Beach
Daroft
H&f
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