Reform proposals worry small town banks in wake of Lance affair
Washington AP reports that the Carter administration urged Congress to tighten banking rules, signaling support for most of Fernand J. St Germain’s bill while cautioning that limits on director loans could unduly hurt small banks. Deputy Treasury Secretary Carswell suggested delaying action to allow a regulator survey and favored disclosure of correspondent relationships if action proceeds. He warned the committee that a broad application to minor shareholders could disadvantage small bankers, who might rely on correspondent banks for borrowings.
MENTIONED IN THIS ARTICLE
Washington
Congress
Treasury
Robert Carswell
House
Subcommittee On Financial Institutions
Lance
Georgia
Justice Department
Carswell
Subcommittee
Fernand J. St Germain
St Germain's Hill
Senate
St Germain
Committee
Bells argues canal treaty approval not needed
Atty. Gen. Bell told the Senate Foreign Relations Committee that the Carter administration need not submit the Panama Canal treaty to the House for ratification. He cited constitutional history while outlining plans for implementing bills to create a Panama Canal Commission and adjust jurisdiction during the transition.
MENTIONED IN THIS ARTICLE
Bells
House
Washington
Griffin Bell
Carter
Senate
Canal
Bell
U.S. Supreme Court
Congress
Hose
U.S. Canal Zone
Republic of Panama
Paenerahte
U.S
Panama
William J. Jorden
Senate Foreign Relations Committee
Jorden
United States
Houses
Canal Zone
House of Representatives
Cabal
Adm
Thomas H. Moorer
Military Joint Chiefs of Staff
Moorer
Omara Torrijos
Itaty
Compromise on gas bill ends filibuster
Industry backed plan to ease price controls faces fragility as Jackson and Byrd push a tentative compromise. Two senators suspend the filibuster to study the proposal while Abourezk and Metzenebaum threaten to resume efforts. Carter’s plan raises ceiling to 1.75 and targets new wells.
MENTIONED IN THIS ARTICLE
Jackson
Byrd
Senate
Senate Energy Committee
Abourezk
Metzenbaum
Carter
Soviet Launch Salyut 6 Space Station Orbit
Moscow reports the Soviet government launched space station Salyut 6, described as an orbital scientific station. Tass says it was sent unmanned but aims to support a new series of manned flights, with possible crew rocketing by October 4, the 20th anniversary of the first artificial satellite.
MENTIONED IN THIS ARTICLE
Moscow
Salyut 6
Tass
Soviet Union
Vass
Japan to release felons for hijack plan and payoff
A Fukuda spokesman said Japan would pay six million and release nine prisoners to join hijackers but could not move them to Dacca within hours. Negotiations at the airport involved Bangladesh officials and the Japanese embassy as the hijackers demanded clemency and asserted ties to socialist causes.
MENTIONED IN THIS ARTICLE
Japan
Takeo Fukuda
Dacca
Bangladesh
Tokyo
Kyoto
Okinawa
Toshin Omara
Omura
Gabriel
George E. Danielson
California
Washington
Hidaka
Red Army
Toshiko Hidaka
Jordan
Actress Freed After 24 Hours Aboard Hijacked Plane
California actress Mrs. Karabian from Monterey said hijackers were rough at first but improved as negotiations began. Passengers lost wallets and watches, wore masks or scarves, and were not allowed to fasten seat belts. Two passengers fainted. food was refused. Verghese family released. the boy initially thought it a game. The actress later appeared in NBC and a 1962 film.
MENTIONED IN THIS ARTICLE
Armenia
Gabriel
Carter
Danielson
White House
Saldcs
Bombay
Pacis
Tokyo
Bangladesh
Karabian
Monterey
Calif
Dacea
Mrs. Barablan
Southeast Asia
G. Verghese
Verghese
Tervaus
Also Mentioned on This Page
Federal Reserve System
Philip E. Coldwell
Kul House Banking
de Melayexsald
Oleg Cassini, Frames
Sears
Mars, Rotrace and Co
Long Beach
Long Beach Blvd
Wester States Optical, Inc
Paget
Eagleson
Hang Ten
Levi
HLS
Day's
Marty
Sun
Los Angeles
Mon
San
Hawthorne Blvd
del Amo Fashion Sq
Fullerton Grangefair Mall
Grangathorps & Harbor
Devonshire
Sam Delo
Rosecrans
Loma Theatre
Los Ambeles Ard
Spring
American Express
BankAmericard
Carle Blanche
Diners’ Club
Eagleson’s
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