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Odessa American in Odessa, Texas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 23, 1982

Page

3

Schultz urges Israel to begin West Bank pullout

Secretary of State George P. Schultz calls on Israel to start a partial withdrawal from the West Bank to honor UN resolution 242 and permit Palestinian input in governing, while Weinberger discusses a broader peace plan behind secure borders.

Gene Grabowsk Associated Press Washington George P. Schultz Israel West Bank United Nations Middle East Beirut Shultz NBC Meet the Press Camp David Defense Caspar Weinberger United States Mideast Weinberger CBS Gaza Strip Egypt Reagan Lebanon Menachem Begin

Bank fails by Sally Jacobsen in Penn Square collapse

Federal regulators report that more than half of credit unions with uninsured deposits above the FDIC limit in Penn Square Bank losses span eight states. NCUA data shows 71 of 132 insured credit unions with uninsured deposits are in California, Oklahoma, Missouri, New York, Florida, Michigan, Kansas, and Indiana. The agency will not release specific names or amounts. Regulators say no credit union has suffered losses or claims against the insurance fund, though uninsured deposits will be in receivership. Penn Square Bank in Oklahoma City collapsed after funneling loans to oil firms. FDIC took over the bank.

Sally Jacobsen Associated Press Washington Oklahoma Penn Square Bank California Missouri New York Florida Michigan Kansas Indiana National Credit Union Administration House Subcommittee On Commerce, Consumer and Monetary Affairs States District of Columbia Federal Deposit Insurance Corp Credit Union Administration Penn Square Oklahoma City

Bill brews battle over distribution

Washington AP report on a proposal dubbed the beer baron bill granting exclusive territorial rights to beer distributors. Opponents fear a 20 percent rise in six pack prices. The measure faces hurdles in both chambers and may be shelved before the November election. Senate aides caution it is “bottled up” with uncertain floor action. Reagan administration backs the effort. FTC officials have testified against it.

James H. Rubin Associated Press Washington Bill Congress Senate House Pty Trade Commission Judiciary Committee

Also Mentioned on This Page

Schultz George Schultz Wendell Sebastian Credit Union Agency Credit Union Insurance Fund Senate Judiciary Committee Little Joe & Son Produce Kings, Inc Pr Vee Ee Te Rong Pt As Aya Ai Maa EMSS E. Eighth W. County Rd Andrews Highway Niki Lu M.L Kosa-Tv Texas Lu Ann Caughey U.S.A Damon Lopez-Florez Mexico Kim Tomes S.M
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