Banks tighten CRA rules to expand minority lending push
Regulators unveil a full overhaul of Community Reinvestment Act rules for banks and savings institutions, stressing performance over paperwork. The plan, due to take effect July 1, 1996, faces mixed reactions from consumer advocates and bankers who warn of increased big-bank paperwork while smaller banks may see less burden.
MENTIONED IN THIS ARTICLE
Washington
Comptroller of the Currency
Eugene A. Ludwig
Treasury Department
Clinton
Ludwig
Federal Reserve
London Fog saves Baltimore plant with temporary closure
London Fog workers vote to keep the Baltimore assembly plant open under a plan that saves 320 jobs while closing the Hancock and Williamsport facilities. The Baltimore plant will shut briefly and reopen in January with new equipment as London Fog seeks state and city aid for rents and worker training.
MENTIONED IN THIS ARTICLE
Baltimore
London Fog Corp
Textile Workers Union
Maryland
Hancock
Williamsport
London Fog
United States
Bob Gastor
Amalgamated
Frey
London
Mark Wasserman
Department of Economic and Employment Development
Mr. Wasserman
Salisbury Technologies opens at Grumman plant in Maryland
Salisbury Technologies, a Corella Industries subsidiary, opens at a former Grumman electronics plant in Salisbury with 60 workers and aims to hire up to 250 next year and 500 in two years. Wicomico County leased the site to the company after acquiring plant and equipment from Grumman. ribbon cutting attended by Gov. Schaefer.
MENTIONED IN THIS ARTICLE
Salisbury
Salisbury Technologies
Grumman Electronics
Maryland
Corella Industries
Phoenix
Ariz
Wicomico County
Grumman
William Donald Schaefer
Dow Switches Higher As Wall Street Closes Up
Blue chips rebounded from a four session slump while a broad range of stocks posted mixed results as investors awaited a Federal Reserve policy meeting. The Dow rose 17.49 to 3849.24 as late gains offset earlier declines. Market volume was 272.53 million on the NYSE.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Wall Street
Standard&Poor
Comsat
Lowes BA Dow Jones
Crown Amer
Loyola Corp
Exxon
Marriott
AllgPwr
Fcnb Cor
Tack Mercantile Alpha Ind
F&m Bancorp
Asx Bokshi
Alumax
First United
Nations Bank
Penney
Avemco
Giant Foods
Pepsico
Baltge
GTE Corp
Potomm el
Bell Atl
Sears
BioWhittaker
S Citizens Bank
Kmart
H Csx Corp
Life Tech
Weis
Coca Cola
Loral Corp
Grain futures swing as Chicago Board of Trade opens mixed
Grain futures mainly hover around the open with wheat and oats showing modest moves. Wheat contracts range from about 3.98 to 4.02 per bushel across December to July positions, while soybeans and oats display varied quotes and higher volume activity. Open interest climbs as markets digest supply hints and demand cues.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
T-bills rise as auction yields climb to three-year high
Washington AP reports Treasury sold 11.7 billion in three month bills at 4.79 percent and 11.6 billion in six month bills at 5.22 percent, up from 4.61 and 5.05 percent respectively.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
U.S
Washington
Treasury
Treasury Department
Also Mentioned on This Page
Clinton Administration
Michelle Meier
Consumer's Union
Ms. Meier
Fed
Alan Greenspan
Bert Ely
Alexandria
Ken Guenther
The
Independent Bankers Association of America
An Excel
Federal Reserve Board
Lawrence Lindsey
John LaWare
Mr. LaWare
Comptroller’s Office
Federal Deposit Insurance Corp
Office of Thrift Supervision
Edward Frey
Leopoldo R. Vasquez MI
Frederick
Dow Higher
Pri Fri
Olla
Frostburg State University
Frederick and Hagerstown
Hagerstown
al Frederick
Frostburg
Vath St Ao
Ffachiye
Hage
Pabile Square Son
Memphis Pit
Jefferson St. Derick, MD
Fcnb Bank
Frederick County
Antietam
PSK Mall
Muldietown
Rosemont
Walkersville
FDIC
Frederick Memorial Hospital
Rose Hill
Opossumtown Pike
Frederick, MD
Edward D. Jones
Stock Market Report
Randy S. Bluhm
Edward D. Jones Co
W. Patrick St. Frederick
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