Texas Banking Probe Expands After Carrizo Springs Bank Closure
U S Representative Gonzalez announced a wide ranging probe into a string of Texas bank failures prompted by the Citizens State Bank closing in Carrizo Springs last summer. Hearings are tentatively set for November as investigators from the Banking and Currency Committee and a federal grand jury in San Antonio pursue causes and the broader pattern of failures across the state. The inquiry follows FDIC tallies showing Texas housing a disproportionate share of failures from 1969 to 1876 and targets the chain of events leading to these bank collapses.
MENTIONED IN THIS ARTICLE
Carrizo Springs
San Antonio
Gonzalez
Tause Banking and Currency Committee
Citizens State Bank of
Foxas
Texas
Federal Deposit Insurance Corp
FDIC
Colorado Name Derived From Spanish Term for Red River
The state of Colorado derives its name from the Spanish word for red, reflecting the Colorado River which originates within the state. The origin ties the name to the river and the region's Spanish heritage surrounding early exploration and geography.
MENTIONED IN THIS ARTICLE
State
Colorado
Colorado River
Economic Indicators Fall for Second Month in Septembers Downturn
Washington reports indicate leading economic indicators declined 0.7 percent in September marking back-to-back drops for the first time since the recession. Labor data show rising layoffs and strike activity while factory orders slipped though new business formation and building permits rose. The composite index sits at 107.8 on the 1967 base of 160.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
John Kendrick
Ford
Alan Green- Spat
St. Louis
Carter
Aflcio
George Meany
Panda Mide
Vendor
River Building Plan Proposed
River Corridor Committee asked the City Council to study new rules limiting riverfront buildings. Alexander Caraganne and Forrest Mims outlined proposals to cap height and density, with four stories within 400 feet and eight within 800 feet of the river, plus enhanced street access and individual project review.
MENTIONED IN THIS ARTICLE
Alexander Caraganne
University of Texas At San Antonio
Forrest Mims
UTSA
Caragonne
Mims
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