Connally Warns Banks on Possible Rate Hikes
Treasury Secretary Connally warned against unjustified increases in bank interest rates that could threaten the recovery. He cited reports of a Philadelphia bank considering a boost and noted a recent Detroit bank hike, while stressing that the administration would hold banks accountable if rates rose.
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Stiff Civil Rights Laws Urged By Commission
The Civil Rights Commission urged Congress to pass strong local civil rights laws covering housing employment and public facilities and to delay revenue sharing and Nixon plans until states enact tougher protections. It warned of criminal penalties for deliberate discrimination by state or local officials and pressed for federal safeguards amid debates on revenue sharing controls.
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