1989 Bank and S&L Failures Hit Historic Levels
Banks and savings institutions collapsed at record rates in 1989 with 207 commercial bank failures and 328 S&L insolvencies. Texas led in bank turmoil, while regulators cite high interest rates, oil busts, and weak regulation as key causes.
MENTIONED IN THIS ARTICLE
Dave Skidmore
Associated Press
Washington
Texas
New Mexico
S&l
Catherine England
Cato Institute
S&ls
Federal Reserve System
S&l Deposit Insurance Fund
Speedy S&L asset sales praised amid bailout plan
Washington officials debate the Bush administration plan to sell real estate and other assets from insolvent S&Ls before closures. Rep. Bruce Vento supports speed to avoid worsening markets, while Kenneth Guenther warns lower prices could strain the real estate sector. The oversight board led by Treasury Secretary Brady released the plan, detailing RTC involvement and asset totals as it expands to more failed institutions.
MENTIONED IN THIS ARTICLE
Washington
Congress
S&ls
Bruce Vento
D-Minn
House
S&l
Vento
Kenneth A. Guenther
Independent Bankers’ Association of America
Treasury
Nicholas F. Brady
Resolution Trust Corp
Federal Deposit Insurance Corp
RTC
Oversight Board
Daniel P. Kearney
Associated Press
Federal Savings and Loan Insurance Corp
National Academy clash over alternative agriculture report
The American Farm Bureau Federation attacks an National Academy of Sciences study on reducing chemical use in farming. Richard Wiles defends the project, saying the report seeks improved practices without lowering output. Hog inventories and grain export sales to the Soviet Union and China are also reported.
MENTIONED IN THIS ARTICLE
Washington
National Academy of Sciences
American Farm Bureau Federation
Richard Wiles
Academy
Federation
Dean Kleckner
National Research Council
The
Sciences Academy
Kleckner
Wiles
Congress
John Pesek
Agriculture Department
U.S
Soviet Union
China
Soviets
Memos Williamsburg To Host FFA Event
Williamsburg High School hosts one of two all school assemblies called The Main Event an FFA program to build self images public relations and problem solving skills. The Williamsburg program is at 1 30 p m Jan 18 with a similar assembly at Concordia High School Jan 15. Workshops occur at Jetmore and Neodesha high schools. Programs led by Kansas FFA State Officers with Scott Crouch Indiana and Dan Schroer Ohio. They urge students to excel in FFA and high school activities.
MENTIONED IN THIS ARTICLE
Williamsburg High School
Williamsburg
Concordia High School
Jetmore High School
Neodesha High School
High City
Haven High School
Atchison County
Kansas Ffa
Scott Crouch
National Ffa
Indiana
Dan Schroer
Ohio
GenEx buys Burnox chain in Missouri and Kansas
GenEx purchases Burnox a wholesale and retail distributor of welding supplies and industrial and medical gases with Ottawa Ontario location. Burnox had stores in North Kansas City Chillicothe Columbia Kansas City Warrensburg Missouri Elwood Olathe Parsons and Ottawa Kansas. ASA proposes Graduated Equity Loan for 1990 farm bill to boost government costs by about 56 million per year 1991 to 1995 while boosting farm income 300 to 600 per year.
MENTIONED IN THIS ARTICLE
GenEx
Burnox
Ottawa
Des Moines
Iowa
Burnex
Kansas City
Chillicothe
Columbia
Warrensburg
Missouri
Elwood
Olathe
Parsons
Kansas
Washington
American Soybean Association
ASA
Congress
U.S
NFU President Tops State Meeting in Kansas
Leland Swenson, president of the National Farmers Union, will speak at the Kansas Farmers Union annual convention held Thursday through Saturday at the Best Western Holiday Manor Convention Center. Keynote speaker Jack Kelsey opens Thursday at 2 30 p m. with other officials and FACTS director Stan Ward among presenters. Friday features workshops and sessions on the 1990 farm bill, plus meals and a Friday night country music dance. Saturday includes U S Rep Jim Slattery at breakfast and a convention banquet at 12 15 p m with Swenson concluding.
MENTIONED IN THIS ARTICLE
John Carlin
Kansas Farmers Union
Sche
Also Mentioned on This Page
Banks
State Bank
Arkansas
Colorado
Kentucky
Nebraska
Oklahoma
Office of Thrift Supervision
Deposit Insurance Corp
Arizona
FDIC
L. William Seidman
AFBF
National Academy
Elder's Cooling
S. Main
Croucher
Abstract & Co
Jeanette Croucher
West
Citizens State Bank
Pomona
Burnox Chain
Martyn Jorgensen
NFU
Dule
Jim Slattery
D-Kan
Swenson
W. Tecumseh
Farm Bureau Insurance
Ct Nes
Ottawa, Kansas
Russell Bryan Thomas
Junior Thomas
Princeton
W. A. Elliott
First Baptist Church
I.R.A
Kansas State Bank
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