European Stars And Stripes (Newspaper) - March 23, 1985, Darmstadt, Hesse                                Page 2 the stars and stripes March 8 Ohio reopen for limited business Ohio a eight Ohio savings and loan associations opened for limited business for a second Day Friday despite a request from state Commerce department director Kenneth Cox that they stay closed while new regulations Are put into the governors office said Friday that Thomas superintendent of the states division of savings and loan has been in a Richard Celeste said Batties had been replaced by Robert Mcalister and that Batties would return to a Job As Legal counsel to the no reason was immediately Given for the the Commerce department identified the following thrifts As having opened Friday heritage savings Cincinnati Mentor Sav Ings Bank Miami savings and Miami town new Paris loan and building and Union savings department spokesman Rick Spencer said All of the institutions were allowing limited withdrawals adding that they opened after representatives from the Federal Reserve certified that they had sufficient capital to meet customer officials at three other institutions also said they planned to open for limited the Southern Ohio savings and loan in suburban also opened for limited Cox asked thursday that All but one of the thrifts remain closed because regulations were not yet in place to allow the institutions to reopen for limited the regulations were authorized by Emer gency legislation state attorney general an Thony Celebrezze appointed Cincinnati lawyer Lawrence As special prosecutor to investigate the collapse of Home state savings a former county prosecutor who has taught criminal will seek indict ments if necessary and look for any violations of regulations involved in the collapse a photo customers of a savings and loan open under a limited service line up to withdraw up to of Home Celebrezze the Cincinnat based closed March 8 amid disclosures it could lose millions it had invested in est government Securi ties a fort firm that the closing sparked a run on Ohio thrifts that prompted the governor to order 69 of them closed last the state legislature on wednesday passed emergency regulations allowing the state chartered thrifts covered by private insurance to open on a limited basis to give depositors Access to a month of their it also set up procedures for the to obtain Federal or equivalent private Deposit Cox said thursday that Only Century Sav Ings with offices in Cincinnati and Toledo had state authorization to reopen for full in his news conference thursday president Reagan said the Ohio situation posed no threat to the nations banking sys and that the Federal Reserve had in there is no other problem of that kind anyplace else in the country that were aware he since the saving Sandlian crisis the Federal Reserve Bank of Cleveland has offered to Supply the with Cash or conver Tible said spokesman Martin the fed also has announced that it is releasing checks written on the closed commercial Banks which handled the checks will get them Back and decide what to do with he is your military Bank account sate officials say by Bob hyper staff writer How Safe is your credit Union or Bank account is it insured is it guaranteed by the government As an aftermath of the Ohio crisis involving savings and loan some americans in Europe Are asking about their own Federal credit Union and military banking officials assure clients that their accounts Are credit Union accounts Are federally military banking accounts Are backed by Dod weve been asked by a number of customers if their accounts Are if there said Harold overseas manager for Andrews Federal credit Union in the answer their accounts Are there insured up to it seems some of our clients confused state savings and loan associations with Federal credit the Ohio crisis brought temporary closure of 69 Sav Ings and loan associations after the March 8 closing of Home state savings Bank in Cincinnati action that caused a run on other Ohio with passage of a Bill by the Ohio the crisis appears to be but the rippling effects Are still being Felt in the abrupt drop of the Dollar this week has been blamed on the Ohio while few military members Are known to have Money deposited with Ohio interest in the Ohio crisis is evident among military theres been a lot of talk about the Ohio said Jim assistant overseas manager of Keesler credit Union in i dont think our customers Are alarmed because most of them know their accounts Are but the subject is being in Julia Branch manager for the Navy credit said the National credit Union administration insurance is the strongest of the Federal insurance programs for financial weve been alerted by our Home office to expect client questions As a result of the Ohio Knight but i dont see anyone Here worrying about business  be at service credit Union in overseas manager Gordon Simmons said credit Union accounts Are insured for each family if husbands and wives have separate then each account is insured up to Simmons if the husband and wife have a joint then is insured up to an american express official in Frankfurt said that under the military banking contract with client accounts Are fully backed by a Gamut of government and commercial envoys resisting Gao says Washington up ambassadors sometimes resist Security improvements at their jeopardizing the safety of diplomats another employ the general accounting office told Congress on an ambassador once declined to have bars installed across his office window because his View would be said Frank director of the National Security and International affairs division of the he said another ambassador ignored a safety recommendation that a parking lot adjacent to his embassy be relocated ing that he would have to walk too far from his car to his Conahan Security to specify which have been recalcitrant about putting into effect safety Mea he testified before two House foreign affairs subcommittees in connection with an administration request for million in the 1986 fiscal year and million in fiscal 1987 for Security disputes Between the state department and other agencies at diplomatic posts delayed Security improvements at seven of 16 posts the Gao Conahan in some this was due to agencies disagreeing with the state department Over what was who would pay for the improvements and the timing of the especially when a move was con Conahan Secretary of state George Shultz has or dered major Security improvements at american embassies and diplomatic totalling More than since the terrorist bombings of facilities in Lebanon and Kuwait in 1983 and immediate Steps included placing dump trucks and steel pipe at the Entrance Way to the relocation of some embassies located along Busy roads in downtown areas is being after terrorists heavily damaged the new embassy Annex in East Beirut last Shultz personally started a daily morning review of Security conditions at american re quests for Security improvements Are re As Well As reports on Progress or prob lems on measures the group Shultz said he occasionally receives conflicting comments on proposed Security the ambassador is in but representatives of other government Agen cies housed in his embassy can Send Sepa rate opinions to the state department for a final lets hand it to him Warsaw up a pole claimed a world record for shaking hands with total strangers in the official news Agency Pap reported news update firm fined after blast a a state Agency has fined a Metal Fin Ishing Plant where two workers died in an although the cause of the blast Hast been Well never know the cause of the said Raymond assistant state commissioner of occupational safety and he Chesapeake metals of Howard county was fined for safety violations which could have ignited the he said the company used fluorescent lights and other fixtures that could create a the two men were standing on a tank of Zinc sulfite solution when the explosion occurred and hurled them into the vat of