Maryland S&L crisis nears critical third month
Governor Hughes issued a May executive order to stem deposits as Old Court and Merritt savers faced serious financial problems. Federal Reserve actions, state insurance shifts, and new laws aim to insure up to 100000 per account, with deadlines tightening for large S&Ls and a 1989 FSLIC requirement.
MENTIONED IN THIS ARTICLE
Maryland
Federal Reserve Board
Central Bank
Maryland S&ls
Federal Reserve
Maryland State Share Insurance Corporation
State Savings and Loan Associations
Old Court
Merritt
Hughes
S&ls
Federal Savings & Loan Insurance Corporation
MSSIC
S&l
FSLIC
Maryland S&L liquidity gap threatens state finances
Maryland S&Ls show 3.5 percent net worth versus 5 percent liquidity standard as FSLIC eligibility lags. Old Court under conservatorship. others await FSLIC approval. Officials warn emergency legislation may fail. downturn risks receivership, frozen funds, and potential $500 million loss to taxpayers and AAA rating, with broader political implications.
MENTIONED IN THIS ARTICLE
FSLIC
Consolidated Financial Statements
Maryland S&ls
Chevy Chase Savings & Loan
Old Court
John Hanson
Community Savings & Loan
Atlanta
State House
S&ls
Merritt
Feds
Maryland
Harry Hughes
U.S
Senate
Charles McC. Mathias
Savings and
Fred Dewberry
New Maryland Deposit Insurance Corporation
Mexico US tensions and a bizarre secession talk
Washington gossip says Mexican President de la Madrid discussed possible northern secession and annexation by the United States as PAN prepared to win several governorships. U S officials fear continued fears of Yankee aggression and border pressures highlighted by a Pentagon study. Public notices of policy and a critical jab at IRS surveillance follow.
MENTIONED IN THIS ARTICLE
Washington
U.S
Miguel de la Madrid
National Action Party
PAN
Mexico
Institutional Revolutionary Party
PRI
de la Madrid
United States
Texas
New Mexico
Arizona
California
Black Jack Pershing
Rio Grande
State Department
Department
Pentagon
Defense Intelligence Agency
Reagan Administration
Center For International Security
Administration
Reagan
Draza Mihailovich
Tito
Mihailovich
Yugoslavia
Europe
Internal Revenue Service
Storms lash Gapland as flooding hits Frederick region
Readers report two severe storms in southern Washington County with vivid lightning, heavy rain, and overflowing creeks from 7 to 9 p.m. No property loss reported yet, but damage nearby and repeated gully washers spark concern. Also a parking meter issue on North Market Street prompts protest from Ruby Z Baker who urges meter repairs.
MENTIONED IN THIS ARTICLE
Frederick
Boonsboro
Frederick County
North Market Street
Parks Plan 15000 Acres at Catoctin Park Frederick
Plans by the State Parks Division announced use of 15000 acres in the northwestern Frederick county area for a new park at Catoctin. Land acquisition is underway, with the project moving forward as part of state recreation expansion. Harmony Grove 4-H Club elected new officers led by Dorothy Thomas as president. Neva Smith named assistant secretary and Elizabeth Smith as treasurer. The Transient Bureau on Eighth Street will close after 18 months of operation, with duties transferred to community welfare boards as part of nationwide consolidations.
MENTIONED IN THIS ARTICLE
State Parks Division
Frederick County
Catoctin Park
The
Harmony Grove 4-H Club
P. Leda Mercer
Dorothy Thomas
Mary E. Stauffer
Isabel Crum
Neva Smith
Elizabeth Smith
Eighth Street
Frederick
W.C. Royal
Janet Long
Memorial Hospital Tour Guides Head Start Children
Twenty years ago Brenda Lorrain Morris, a West Frederick Junior High ninth grader, faced a skin graft after a parked car collision pinned her to a wall. Forty nine Head Start children and nine adults toured Frederick Memorial Hospital with Robert Pratt and Mrs. J. Frederick Kreissig leading. Gerald Sauter, hospital assistant administrator, welcomed the group and led a Q&A session.
MENTIONED IN THIS ARTICLE
West Frederick Junior High School
Brenda Lorrain Morris
Project Head Start
Frederick Memorial Hospital
Robert Pratt
J. Frederick Kreissig
Hospital
New Market
Gerald Sauter
Tween 17 & 2 readers letter column notes life changes
A reader from Hammond La credits a dog with saving her from suicide and outlines how adopting a shelter dog, volunteering, cycling, church involvement, and pursuing goals improved her life after hardship. The entry also critiques Dr Wallace on teen mail privacy and invites letters and stamps for his booklet. A closing line mentions shoes becoming comfortable only after break-in.
MENTIONED IN THIS ARTICLE
DR. Wallace
Rose
Hammond
Ross
Anne
Seymour
Ind
Dennis
Mark
Merced
Calif
Also Mentioned on This Page
Tom Mills
Frederick, Md
Maryland Savings and Loan Associations
REA Inc
Jack Anderson
IRS
Agency
Knoxville Area
Robert Bealer
Kaetzel Road
Gapland
Parker
Ruby Z. Baker Frederick
Lems
News-Post
Robert Wallace
D. Copley News Service
Frederick News-Post
P.O
Frederok
Mattews
Frederick Shopping Ctr
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