Maryland Exempts 16 Savings and Loans From Withdrawal Limits
Governor Harry Hughes lifts withdrawal limits for 16 Maryland thrift institutions. Fifteen small S&Ls meet net worth criteria but lack FSLIC insurance. Commercial Credit Savings and Loan of Baltimore is exempted due to parent company backing and state fund protection. Exemptions effective immediately. listed small S&Ls include Atlas Savings, Canton-Pulaski Polish, Caroline Savings, Citizens Alliance, Colombo, Locust Point, Maryland Permanent, Mount Vernon Permanent, Ozark Permanent, Dorsey, Grand, OK, Wellham, White Eagle, and Woodmoor, with asset amounts provided.
MENTIONED IN THIS ARTICLE
Annapolis
Harry Hughes
Maryland Savings and Loans
S&l
Federal Savings and Loan Insurance Corp
FSLIC
Hughes
Commercial Credit Savings and Loan of
Baltimore
S&ls
Atlas Savings and Loan
Canton-Pulaski
Caroline Savings and Loan
Citizens Alliance
Colombo Savings and Loan
Grand Building and Loan
OK Building and Loan
Wellham Building and Loan
White Eagle Savings and Loan
Woodmoor Savings and Loan
Pikesville
S&Ls face $1,000 limit and new exemptions outlined
Savings and loan institutions expect a return to normal operations within a month, with $1,000 withdrawal limits until FSLIC or MDIC approval. New executive order frees funds for payroll, real estate escrow, custodial care, tuition, and certain business accounts, while allowing in-person or electronic transfers only. The measures also affect checks, deposits after May 14, and potential legislation on immunity and out-of-state bank rescues.
MENTIONED IN THIS ARTICLE
MDIC
Hughes
S&ls
S&l
General Assembly
Board of Directors
Attorney General’s Office
Thomas H. Battery
D-Frederick
Joseph Owens
House Judiciary Committee
Owens
Cardin
Chase Manhattan
Chemical Bank of New York
Beirut car bomb kills about 30 in fashionable sector
In Beirut fighting raged in the hills around the capital as a car bomb exploded during rush hour in a stylish Christian district, killing about 30 and wounding 9. Palestinian gunmen used long range missiles as violence surged around the Palestinian refugee camps.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Christian Voice of Lebanon Radio
Sinel
West Beirut
Associated Press
Ed Blanche
Chatilla
Amal
Ouzai
Time Magazine
William Foley
al-Zahraa
Army urged to run Fort Detrick boiler plant again
Col. Mark Hoke requests Army operation of the Fort Detrick boiler plant citing past private operator issues that risked millions in research and decontamination processes at the National Cancer Institute. He seeks exclusion from the A 76 provision, with Health Services Command endorsing the move as it climbs the chain of command. Final decision pending.
MENTIONED IN THIS ARTICLE
Detrick
Col. Hoke
Army
Fort Detrick
Col
Mark Hoke
Hoke
Department of the Army
Benmol Corp
National Cancer Institute
Biological Laboratories
Covert
Health Services Command
HSC
Texas
Also Mentioned on This Page
USA Today
Rochester
N.Y
Gannett Co. Inc
Cathleen Black
Gannett
John J. Curley
Talw
Frederick High School
Frederick
George Dorsey
Routzahn
MD. 355
Goins
Jones
Lawrence Eugene Himes
Catoctin Avenue
Himes
Florida
William Nicklas
Lawrence Dorsey Jr
JHE News
Frederick County Detention Center
William W. Wenner
Goines
Errol Nathaniel Allen
Earl Page
Douglas Lowry
Donald Grossnickle
Lowry
Duke
Allen
David Aldridge
Patuixent Institute
Clater W. Smith
Norm Covert
Flohr Pools
College Plaza Hagerstown, MD
Cedar Glen
Glick
Francis Scott Key Mall
Bronco
FORD
THE
Frederick Motor Company
Sela Me
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