Federal Reserve Cuts Bank Reserve Requirements
The Federal Reserve Board trimmed reserve requirements from 6 to 5 percent for time deposits over $5 million freeing about 350 million for loans. The move closes a loophole by forcing bank affiliates issuing commercial paper to hold reserves, affecting about 5 800 banks while 7 000 smaller state banks remain unchanged. Housing starts rose to 1.58 million annual units last month, the strongest in 17 months.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
Federal Reserve
Federal Reserve System
Commerce Department
McGovern accuses Nixon of using fear to muzzle press
Senator George McGovern charged the Nixon administration created a climate of fear to muzzle the press and warned unchecked presidential access to television could lead to one man rule. He spoke at American University in Washington about media intimidation and overuse of televised messages.
MENTIONED IN THIS ARTICLE
Washington
George McGovern
Nixon
McGovern
Spiro T. Agnew
Agnew
South Dakota Democrat
American University
Nixon-Agnew
Atty
John N Mitchell
Justice Department
Tricia Nixon
Chronicle-Telegram notices and rates August 18 1970 Elyria Ohio
The Chronicle Telegram of Elyria Ohio issues its second class mail notice dated August 18 1970. It lists postal privileges and subscription rates including 75 cents a week and yearly mail prepayments for Lorain and adjoining counties with page contact numbers for Elyria and Lorain offices.
MENTIONED IN THIS ARTICLE
Elyria
Ohio
Lorain
Death of Red Cross volunteer under Vietnam autopsy
Virginia Kirsch 21, a Red Cross volunteer, was found stabbed to death in Cu Chi Vietnam. Military authorities ordered an autopsy and tightened security for other Red Cross workers as investigators probe the slaying. Kirsch, a Miami University graduate from Brookfield Ohio, had been in Vietnam two weeks and at Cu Chi a week. The body will be shipped to the United States by Air Force plane after the autopsy.
MENTIONED IN THIS ARTICLE
CU Chi
Vietnam
Brookfield
Ohio
Red Cross
U. S. 25Th Infantry Division
Kirsch
Miami University
Oxford
Accidents push bus inspections under Volpe drive
Washington AP Secretary Volpe says safety crashes prompt intensified federal checks on interstate buses. At least 5 000 buses to be inspected in 60 days with focus on charters as repairs begin. Early results show buses ordered to garages and other inspections at key tourist sites. A charter bus crash in Hillsville Virginia killed one and injured 41. seven children died in New Smithville Pennsylvania in another crash.
MENTIONED IN THIS ARTICLE
Washington
John A Volpe
Hillsville
Volpe
New Smithville
Also Mentioned on This Page
Bank
Lawrence L. Knutson
Eisenhower Kennedy
Johnson
the Chronicle-Telegram
East Avenue
Penney
Midway Mail
Penncrest
Vidwas Mall
Sears
Blender
Sunda
SAVE
Midway Mall Blvd
Elyria, Ohio
Loran
Penneys
Midway Mall Penney's
MiDwAy Mall Rt
Ohio Turnpike
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