Fed raises passbook rate ceiling for banks and savers
The Federal Reserve Board boosted the ceiling on passbook savings account rates from 4 to 4.5 percent, with big-depositor maximums rising to 7.5 percent. It is the first increase in six years for such accounts, drawing criticism from Rep. Wright Patman who warned higher rates would raise borrowing costs, deficits, and inflation.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
Federal Home Loan Bank Board
Savings and Loan Associations
Wright Patman
D-Tex
Patman
Obituary: Ralph W. Carney Dies at 75 in St Josephs Hospital
Ralph W. Carney 75 world traveler and sales executive died Monday at St Josephs Hospital. Memorials and burial set for Saturday in Wichita Kansas. Survived by wife Anne son Larry Tacoma daughter Elizabeth Willard Webster Groves six grandchildren two great grandchildren. Local arrangements Grimshaw Mortuary.
Services for Andrew Hooley Held in Phoenix
Services for Andrew Joseph Hooley 72 who died Tuesday at John C. Lincoln Hospital will be Friday at 11 a.m. at Mercer Mortuary Phoenix. Burial in Green Acres Memorial Gardens. Hooley formerly taught at Washington High School Phoenix and held a master’s degree from Ohio State. He came to Phoenix from Denver twelve years ago and is survived by Emma three daughters Janet Smotrilla Marilyn Frykholm and Carol Thurson a son Robert a brother four sisters and ten grandchildren.
MENTIONED IN THIS ARTICLE
Andrew Joseph Hooley
John C. Lincoln Hospital
Mercer Mortuary
Phoenix
Green Acres Memorial Gardens
Mr. Hooley
48Th St
Denver
Colo
Belleville
Washington High School
Emma
Janet Smotrilla
Marilyn Frykholm
St. Paul
Carol: Thurson
Glenwood Springs
Robert
Design Review Board Approves Four Projects in City Meeting
Four requests gained unanimous approval from the Design Review Board at its Tuesday session. Continental Bank and offices at Camelback Road and 68th Street, Prestige Cleaners at Shea Boulevard and Scottsdale Road, Brothers Two Restaurant on Western Park Drive, and a commercial building remodel at 76th Street and Indian School Road were approved without stipulations. The Board of Adjustments will hear Les Restaurant on Scottsdale tonight seeking a 55 foot setback instead of 65 feet.
MENTIONED IN THIS ARTICLE
Continental Bank
Camelback Rd
68Th St
Prestige Cleaners
Shea ‘Blvd
Scottsdale Rd
Brothers
Western Park Dr
76Th St
Indian School Rd
Board of Adjustments
Les Restaurant
Scottsdale
Israelis Strike Jordan in 23Hour Operation
An Israeli task force of 800 soldiers and 40 tanks attacked into Jordan backing by air and artillery. They fought Jordanian and guerrilla forces for 23 hours and withdrew with no casualties. Jordan reported a civilian death from a later air strike while the guerrillas claimed Israeli losses.
MENTIONED IN THIS ARTICLE
United Press International
Jordan
Israel
Tel Aviv
Dead Sea
Safi
Feifa
Esau
Saudi Arabia
Al-Assifa
al- Fatah
Hussein
Amman
Hunger and ruin in former Biafra postwar ruins
From Owerri reporters describe mass starvation and rotting bodies in the former Biafra region after its surrender. They recount hunger, rape, looting, and killings as federal troops and starving tribesmen fail to aid desperate civilians, with two million dead in the war’s toll.
MENTIONED IN THIS ARTICLE
Owerri
Nigeria
UPI
Biafra
Palm Tree
Chemist Frame Held On $100000 Bond In Meth Lab Raid
Robert A. Frame Jr., 35, of Cave Creek, held at Florence Federal Detention Center on charges of possession of methamphetamine. A PhD chemist from MIT, Frame was arrested in a Cave Creek laboratory raid by federal narcotics agents. Authorities say the lab contained enough chemicals to produce speed worth $2.5 million and 1,100 grams of meth ready for distribution. Addressed by U.S. Commissioner Mary Van Doren, frame bond set Tuesday.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Robert A. Frame ,Jr
Cave Creek
Federal Detention Center
Florence
U.S
Mary van Doren
Frame
Massachusetts Institute of Technology
San Francisco
Auto fire damages 1969 Cadillac on Lincoln Drive
A car fire at 5600 E. Lincoln Dr last night caused about 500 dollars in damage to a 1969 Cadillac owned by Arthur Levy of 300 W. 2nd St. The Scottsdale Rural Fire Department says the cause is unknown and the interior was damaged. A separate kitchen stove fire at 9002 E. Wier in the Don Asbury residence caused about 400 dollars in damage but was confined to the kitchen.
MENTIONED IN THIS ARTICLE
Oak St
Butler
Lincoln Dr
Scottsdale
Arthur Levy
2Nd St
Don Asburry
E. Wier
Burglars Take Color TV From Doubletree Inn Room
Police report burglars removed a color television from a room at the Doubletree Inn on North Scottsdale Road between 3 and 4 p.m. Tuesday. The set valued at 275 dollars plus two tape recorders from the George Fogle residence were taken between 7 and 10 p.m. Tuesday. At Ames Food Service Co thieves stole meat, a radio and change from a vending machine. entry was via a broken window during early morning hours.
MENTIONED IN THIS ARTICLE
Doubletree Inn
Scottsdale Rd
George Fogle
Ames Food Service Co
E. McDowell
TV Sets Stolen From Mountain Shadows Resort
Deputies report two color television sets valued at 850 dollars stolen from adjacent rooms 236 and 237 at Mountain Shadows Resort. Manager Deitrich Mayerling said there was no sign of forced entry and the theft occurred Monday night.
MENTIONED IN THIS ARTICLE
Mountain Shadows Resort
Maricopa County
Deitrich Mayerling
Pyhel pleads not guilty in Phoenix kidnapping case
Henry G. Pyhel of 8235 East Osborn entered a not guilty plea at a Maricopa County Superior Court arraignment. The case was sent to Judge Howard Thompson for hearings with trial set to begin February 17 on charges including kidnapping and committing improper and lascivious acts related to a September incident in which a Phoenix housewife was abducted and harmed.
MENTIONED IN THIS ARTICLE
Henry G. Pyhel
E. Osborn
Maricopa County Superior Court
Howard Thompson
Pyhel
Thompson
Phoenix
Also Mentioned on This Page
Chase
Tonalea School
RCA
San Diego
G&e
Francis J. Dupont & Co
Santa Fe
Alcoa
Sears Roebuck
Southern Pacific
Sperry
American Motors
Standard of Calif
At&t
Standard of NJ
Texaco
Arizona
Texas Gulf
Bell & Howell
Transamerica
Bendix
TWA
Bethlehem Steel
Union Oil
Ing
Uniroyal
Chrysler
United Aircraft
US Steel
Webb
Xerox
Dupont
Zenith
Eastern Airlines
Dow Jones Eastman
Emerson
Indus
Fairchild Camera
Trans
Ford Motors
Utilities
Frontier Airlines
General Dynamics
General Electric
General Motors
General Telephone
Goodyear
IBM
It&t
Johns Manville E
Kennecott
Litton
Marcor
Minnesota Mining A
Motorola
North Amn Rockwell
Northrup Aviation
Owens
Pan American
Parke Davis
Penn Central
Pepsico
Polaroid
Raytheon
Ralph Carney
Ralph W. Carney
St. Joseph’s Hospital
Wichita
Kan
Mr. Carney
Wheatland
North Phoenix
Ohio State University
U.N
Abdel Moneim Rifay
Ete Eeung
al Fatah
Assifa
Oops
Middle East
Baghdad Radio
Ahmed Hassan
Al-Bakr
Abdel Moneim Rifai
Cairo
New York
Abba
Eban
United States
Soviet Union
Beirut
Oscar
Severant
Uny
Bright & Lovely
St. Vat Indian School
ECL
Yeu
Blaze Guts Auto
Inn
Mom
Neighbhor
The
Valley Bank
F.qd
National
Aoe
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