Fed plan to move funds from savings under probe
The Federal Reserve Board proposed automatic transfers from savings to checking to cover overdrafts drawing swift opposition. The United States League of Savings Associations pledged to sue, arguing current law forbids the move and warning of tightened mortgage credit and higher home costs. Critics cited reduced savings and pressure on home loans, while Fed attorneys defended legality as no interest is paid on checking accounts. The plan, set to take effect November 1, targets the 5700 state and national banks in the Fed system.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
The
Federal Reserve Board
United States League of Savings Associations
Fed
League
Norman Strunk
Federal Reserve
Robert McKinney
Federal Home Loan Bank Board
G. William Miller
Federal Reserve System
Recreation supervisor hired for Pecos joint plan
James Edwards, 32, a UW Madison master’s candidate, was selected as recreation supervisor for a joint program funded by Reeves County, Pecos Barstow Toya ISD, and Pecos City. An Odessa education graduate, Edwards writes a thesis on Castilian Spanish versus Mexican-American Spanish in Texas and has taught Spanish in Colombia. He will oversee pooled facilities and begin duties in Pecos on July 1.
MENTIONED IN THIS ARTICLE
James Edwards
University of Wisconsin In
Madison
Texas
Edwards
Columbia
South America
Pecos
Respect for Law Week Proclaimed in Pecos by Mayor
Mayor W R Bickley proclaims May 17 1978 as Respect for Law Week in Pecos City to honor lawmen and the fire chief at a Holiday Inn banquet as Optimist clubs nationwide call for increased respect and involvement in crime prevention.
MENTIONED IN THIS ARTICLE
W.R
Bob’ Bickley
Pecos
United States
Holiday Inn
W.R. Bickley
Bob'’ Bickley
Xavier Rivera
Chef Flores
Robert Hinojos
Seniors Observe May as Senior Citizen Month in Pecos
Billie McCormick of the Pecos Senior Citizens Center announces May events. A May 20 trip, a Balmorhea fishing tournament on Tuesday May 13, and a May 17 birthday party are planned, with a Barstow covered dish luncheon May 16 and crafts May 31. May birthdays listed include Janice Braden Elizabeth Smith Harold Meyer Lena Creswell Grace Cowden Bertha Cox. Thunderstorms possible south. cooler today, warming trend north Wednesday.
MENTIONED IN THIS ARTICLE
Billie McCormick
Senior Citizens Center
Pecos
Janice Braden
Elizabeth Smith
Harold Meyer
Lena Creswell
Grace Cowden
Bertha Cox
Barstow
Enterprise
Tornadoes and storms sweep West Texas counties
A small tornado touched down near Crane in West Texas with no damage as severe thunderstorm warnings extended to Garza Crosby Floyd Dickens Motley Crane Ector and Midland. Marble hail fell near Monahans while a broader storm system moved northeast from its muster points. Earlier, Dallas Forth Worth area endured a tornado warning from 2 to 3 a.m.
MENTIONED IN THIS ARTICLE
Associated Press
Crane
Texas
West Texas
Garza
Crosby
Floyd
Dickens
Motley
Ector
Midland
Monahans
Dallas-Fort Worth
Pecos Man Killed in Railway Collision
Long-time Pecos resident Santos Casseda Ramirez aged 77 died yesterday at 2 45 PM when his 1969 Plymouth Fury I collided with a Missouri Pacific Railroad train at S Alamo Street. He was born in Mexico December 16 1900 and lived in Pecos since 1924. He served as Troop 73 Boy Scoutmaster and earned the Silver Beaver Award for service to scouting. He taught wilderness survival to the boys and traced skills to an Indian he met during the Mexican Revolution. Ramirez operated Santos Wrecking Yard since 1940 and remained active. Survived by three sons Augustine Odessa John Pecos Alfredo Merced California and three daughters Ida Hernandez Pecos Rachel Talamantez Venice California Rita Ramirez Mecrede California. two sisters Petra Luna Angelia Ramirez Mexico. 17 grandchildren and three great grandchildren. Services pending at Pecos Funeral Home.
MENTIONED IN THIS ARTICLE
Santos Casseda Ramirez
Missouri Pacific
S. Alamo St
Mexico
Pecos
Mr. Ramirez
Pancho Villa
Santos Wrecking Yard
Fourth and
Orange
Esther
Augustine
Odessa
John
Alfredo
Mercede
Calif
Ida Hernandez
Rachel Talamantez
Venice
Rita Ramirez
Mecrede
Petra Luna
Angelia Ramirez
Pecos Funeral Home
City to spend federal revenue sharing funds on park project
City Manager J J Maxey announced an expected 135 927 dollar allocation in federal revenue sharing funds with about 35 000 dollars in carryover. A public hearing was held to accept expenditure proposals. Written recommendations may be sent to city hall. Funds must be allocated within two years, with Saragosa Park as a high priority.
MENTIONED IN THIS ARTICLE
J.J. Maxey
Maxey
Saragosa Park
Deadline today for absentee vote in Reeves County
Reeves County Clerk Catherine Ashley reminds voters that the May 6 Primary absentee ballot deadline is 5 p.m. today. Absentee voting requires a personal appearance at the Reeves County Courthouse county clerk's office.
MENTIONED IN THIS ARTICLE
Catherine Ashley
Reeves County
Eagles Host Monahans In Home Baseball Clash
Pecos High School baseball, district winners, hosts Monahans Loboes at Eagle Field at 7:30. Eagles seek revenge after an 8-4 loss earlier to Monahans in the first half of district play.
MENTIONED IN THIS ARTICLE
Pecos High School
Monahans Loboes
Eagle Field
Eagles
Monahans
Loboes
Also Mentioned on This Page
Federal Board
Akays New Banking Policies
At & A.m
Brenda Virgin
Santos Ramirez
Missouri Pacific Railroad
South Alamo Street
West
Plymouth
South Alamo
Phyllis Y. Salyer
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