Banking Briefs and Oil Price Outlook in 1990
The savings and loan industry posted a record 19.17 billion dollar loss in 1989 with a 6.5 billion deficit in the fourth quarter, sustaining a three year run of annual deficits. James Schlesinger warned Congress of higher oil prices and a rising U S import bill in the 1990s. New York’s credit rating was downgraded by S and P and Moody’s, potentially costing taxpayers millions in higher interest. AT&T entered the credit card market with Universal Card offering no annual fee for year signups with a purchase.
MENTIONED IN THIS ARTICLE
Washington
U.S
James R. Schiesinger
Congress
Schlesinger
Senate Energy Committee
Albany
N.Y
New York
Wall Street
Standard & Poor's Corp
Moody’s Investors Service Inc
Massachusetts
Louisiana
West Virginia
Edward Regan
At&t
Mastercard
Visa
At&t Universal Card
Creston Auction Sells 721 Livestock from 321 Consignors
Creston livestock sale reports 721 head sold by 321 consignors on Monday with three dairy cows at 495 to 710 dollars. Easter lamb and goat auction slated for Mondays April 2 and 9. Seventeen loads hay and straw delivered with first and second cuttings priced 7250 to 9750 and 9750 for mixed hay. Various calf prices quoted including JTS calves 65 to 105 cents and heifer calves 87 to 140, back to farm bull calves 91 to 157. Sheep and cattle ranges noted. steers 65 to 78, Holsteins 60 to 72, cows 48 to 57, feeders and cutters listed with multiple price points.
MENTIONED IN THIS ARTICLE
Creston
French firm eyes minority stake in LTV Steel
The France's Usinor Sacilor, Europe's largest steel producer, shows interest in a minority share of LTV Steel as the company undergoes Chapter 11. Discussions may involve access to nonpublic operations data while pension liability questions loom before the Supreme Court.
MENTIONED IN THIS ARTICLE
LTV Steel
Cleveland
Asinor Saciler
France
Europe
LTV Steel Co
Asinor Sadler
Raymond A. Hay
LTV
Usinor
Charles Palmer
Usinor Sacilor
Usinor and
Sacilor Steel Groups
CenTrust S&L Collapse Could Break Records
Washington officials probe 328000 in CenTrust chair David L Paul political donations amid regulator warnings that CenTrust Failure may surpass Lincoln Savings and Loan collapse. FDIC and RTC head Seidman say fraud examiners review legality of contributions and meetings with politicians with potential Justice Department referral. CenTrust, Miami based, was seized February 2 and faced taxpayer costs likely well over two billion dollars.
MENTIONED IN THIS ARTICLE
Washington
Florida
Lincoln Savings and Loan Association
Examiners
CenTrust Savings Bank
David L. Paul
L. William Seidman
Federal Deposit Insurance Corp
Resolution Trust Corp
Paul
Seidman
Justice Department
House Banking Committee
CenTrust
S&l
Lincoln
Irvine
Calif
Existing home sales fall 2.3 percent in February amid higher rates
The National Association of Realtors reports a 2.3 percent February decline in existing home sales to a seasonally adjusted annual rate of 3.44 million. Mortgage rates rose to 10.31 percent, while the national median home price dipped to 95,400 dollars, reflecting a shift toward more affordable purchases and regional sales variations across the Midwest South West and Northeast.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
Realtors
Norman D. Flynn
John A. Tuccillo
Federal Home Loan Mortgage Corp
Midwest
South
Northeast
West
Also Mentioned on This Page
Wall St
Creston Livestock
Hay
LTV Corp
Pension Benefit Guaranty Corp
U.S. Supreme Court
Usas
Lorain Aluminum
Manufactu
Lorain
Elyria
Town
French Creek RD
Sincerely, Faller fSonnie Watkins
Elaine Dellipoala
Jeanne Cohen
Don
Irene Pruchnicki
Charlotte Kindle
Cleveland Street
Taadler
ROYAL
Chastes
NYSE
Chrysir Amd
Cilcorp
Alronn
Alcoa
Amaco
S Amp
Exxon
Gannett
A Genetch Allynat A
Batlaat
Baxter
Giwen BO
IBM
Ita
Ye Kimpel
LougGs
Nashua
War Schimb
Az AG Asiva
Va StorTon
Toyrus
Tribune
Pierre R Smith Co
Acme Cleve
Allied Corporation
Alltel
I AmerShip Building Center
CPC Inter Ine
Emerson
First Bancorp
Goodrich Ayak Hills Dept
Tavacare RY
LCB Bancorp
LNB Bancorp
Lesco Ine
Nordson
Northern Savings
Ohio Edison
PNC Corp
Parker Hannifin
Stricker GS
Sunrise Medical
Tere Utilities
Woolworth
Mid-Am
Mutuals
Wit Templeton
Templeton
World
Vanguard
Wellington
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!