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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Feb. 2, 1984)
Thursday, February 2, 1C34 Pcgo 2 Daily Ncbrcskan Bills Ccnilnatd frcn Pag 2 1 Sen. Chris Bcutkr of Lincoln Introduced LB101 1 which would establish uniformity in criminal laws relating to banks, credit unions, industrial loan end investment companies, building and loan associa tions, and cooperative credit associations. The bill would require state examiners and finan cial institution edeers to inform the state banking p'nAmcrlcan lzm )AccocsaIion WE'RE FIGHTING FOR YOUR LIFE , . . i mi Wm I i lcp $1 m ! ! I fe LIMIT: 1 PER PERSONVISIT V$ I Ai-A EXPIRES FEB. 29. 1984 I I llp-' WITH COUPON ? I ! ' i I ' J ! J 120 N. 14th I I J director cf insolvencies and of potential criminal activities. The state banking director would be required to Inform the county attorney and the attorney general. An cfcer of a financial institution who kr.ov.ir.gly accepted deposits after the institu tion became insolvent would be guilty of a felony. Ecutlcr said the violations found in an cn. tion of a financial institution would be reported to prosecutors, and they would decide if the violations should be prosecuted. "The complex of regulations and statutes are so comply that1 no banker could be expected to comply with them all," Beutler said. Roger Beverage, state banking director, intro duced LB1033 which would grant the state banking director new authority to order corrective action through a cease-and-desist order when a financial institution appears to have violated banking sta tutes or regulations. The bill would create an ap peals procedure for the institution. . Beverage said if the procedures outlined in LB1039 had been in effect during the Commonwealth prob lem, they would have aided the department's ability to deal with the situation. The cease-and-desist order would require the employees and officers of a financial institution to follow a specific set of regulations. ' . Beverage said procedure is essential for him to carry out his statutory charge. Beverage said now there is no authority between the minimum response of do nothing, and the max imum response of close the institution. "Paul Amen did not have the regulatory tools that he needed," Beverage said. The public hearing for the major Commonwealth bill of the 1834 session, LB1028, will take place Feb. 7 at 7 p.m. at the ODonnell Auditorium at Nebraska Wesleyan University. in ILJAUi in Ldi3 i- U UJ it ' , T, -v f . ; ' f N . rv ' : ' s 11 1 1 1 1 ' "" 1 1 .An impressive technological : ' journey began over three decades ago at Hughes Aircraft Company. Today, with" more than 90 diverse technologies'ranging from sub-micron electronics to large scale systems, - you'll find Hughes people forging new discoveries, new futures. 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Creating a new uorld with electronics - , HUGHES AIRCRAFT COMPANY 1 - Equal Opportunity Employer Proof of-U.S. Citizenship Required Offi Tine Wire National and international news from the Renter News Report coIId for more depone 2 , WASHINGTON President Keshan Wed nesday presented Congress with an election year budget that seeks to continue his arms build-up, promises no new taxes and carries the third largest deficit in the nation's rmtory. The record $925.5 billion spending plan, with its $180.4 billion deficit, drew predictable partisan reaction in Congress Republicans gen erally approved and Democrats were highly critical The budget, for fiscal 1935, beginning Oct ober has held few surprises since most of its contents had been leaked to the press or announced by the administration .earlier. Reagan asked congress to approve a 9.3 per cent increase in offense spending, bringing it to a record $264.4 billion. At the same time the president sought to cut spending on social programs by $4.6 billion. Reagans backers pointed out that the cuts were significantly less than thoce he has re quested for these programs in the past Tip' $vca -endorsement to 'Fritz' WASHINGTON House Speaker Thomas O'Neill endorsed former Vice President Walter Mondale for the Democratic presidential nom ination Wednesday. O'Neill is the highest elected Democratic official to announce his support for Mondale, current frontrunner among eight Democratic presidential hopefuls. "I will do everything I can to make sure that Walter Mondale is elected president of the Uni ted States," O'Neill said at a news conference. O'Neill, who will be honorary chairman at the Democratic National Convention in San Francisco in July, said Mondale was the "Best Man" for the job. Norway enpeia Govict diplomats OSLO, Norway Norway Wednesday order ed five Soviet diplomats expelled and barred four others from re-entering the country, apparent ly for spying. The Soviets were officially accused of activi ties incompatible with their diplomatic status, a common government euphemism for espi onage. The expulsions follow the arrest two weeks ago of a high-ranking Norwegian official on charges of being a Soviet agent. In addition to the five who must leave immediately, four other Soviet diplomats who have served in Oslo will not be allowed to re enter the country, Foreign Minister Svenn Stray told a new conference. Oiu&ts attends informal tallio CARACUS, Venezuela Secretary of State George Shultz, in Venezuela for the inaugura tion of President Jaime Lusinchi, Wednesday held informal talks with a number of Latin American leaders on the conflicts in Central America. Shultz arrived in Caracas this morning after a brief visit to El Salvador. He leaves Friday for Brazil before flying to Grenada and Barbados. No formal agenda has been set between Shultz and the 16 Latin American leaders in Caracus for the inauguration, but the presence of the heads of state of three of the four nations in the Contadora Group of nations was expected to prompt renewed discussions on Central America, the sources said. Ohcharaiisliy'o rcleaca ur2d ROME The wife of imprisoned Soviet dis sident Anatoly Shcharansky said Wednesday she was launching a new campaign for her husband's release. Avital Shcharansky, who arrived in Rome Tuesday from Israel, told a press conference the possibility .of a reduced sentence had been mentioned in a letter a year ago from Soviet President Yuri Andropov to French Commu nist leader Georges Marchais. Shcharansky, 35, a former member of a group monitoring Moscow's adherence to Euro pean security conference accords and a champ ion of Soviet Jews rights to emigrate, was imprisoned on espionage charges. His wife said another factor which hd her to resume campaigning was what she described as her husband's worsening health at Chis topol Prison, E00 miles east cfltc ccw.