European Stars And Stripes (Newspaper) - February 11, 1986, Darmstadt, Hesse Page 6 the stars and stripes tuesday february 11,1986 Only 12 % of . Currency accounted for study shows stateside Washington a missing $136 billion inns. Currency88 percent of the total supposedly in circulation. Anyone with information on its whereabouts pleas Contact the Federal Reserve Board Washington . While Central Bank officials Haven t placed that and the could. A new study has come to a startling conclusion a lot of . Greenbacks can t be accounted a comprehensive look at personal Money handling habits fed economists concluded that individuals Over age18 Are holding $18 billion in . Coins and Cash about $100 per that comes to Only 12 percent of the $ 153.9 billion of Cash considered to be in circulation. Where is the rest of the Money i wish we knew where it was Paul a. Spindt a fed economist and one of the authors of the new study said in an interview last week. This Survey whets our appetite for More information. It shows in some sense How Little we the fed economists do make certain guesses part of it is in the Cash drawers of legitimate businesses with another Small fraction held by persons under age 18.both groups were not included in the fed Survey. But Spindt said he doubted if the amount held by youngsters and businesses would total More than 15 per cent still leaving nearly three fourths of . Currency unaccounted for. One explanation is that part of the missing Money i being used in the underground Economy populated by drug dealers and others intent on evading income taxes by dealing on a Cash Only basis. However this explanation would account for Only portion of the funds since even ill gotten gains normally How Back into general circulation at some economists speculated that a big part of the missing currency has gone overseas and is being used by foreigner who would rather Deal in the stable . Currency than in their own do know that there Are some very Large shipments of . Currency going offshore to various destination around the world Spindt said. This Money often ends up in areas of the world wit High inflation rates such As some latin american nations where the citizens Exchange the local currency on the Black Market for dollars As a hedge against their own currency being fed economists made no estimate of How much Money has gone overseas other studies have speculate that As much As one third to two thirds of us. Currency eventually winds up in foreign new study published in this month s Federal Reserve bulletin has important implications for the Central Bank in it efforts to control growth of the nation s Money Supply. The Basic measure of Money known asm a is defined a currency in circulation and checking accounts. The $153.9 billion estimate for the amount of total currency in circulation accounts for about one fourth of the total my figure. If it turns out that much of this Money is no longer inthe United states then the growth targets the fed sets form a would need to be adjusted the study concluded that the amount of currency in circulation the $18 billion held by individuals is changing hands More rapidly than previously had been estimated. The study estimated this Money was spent and replenished at a rate of about $420 per adult a month. This turnover of Money is known As velocity and indecent years it has failed to perform As policy makers had expected blunting the effect of fed efforts to manage Money growth. We need to take a More careful look at How Money i being used in the Economy Spindt said. He said the authors of the new report Are recommending that the Survey of Cash be repeated on a regular basis to get a More accurate Reading of people s use of other findings the study said that 14 percent of american families operate on a Cash Only basis but that the bulk of family finances were handled with checking accounts which covered 57 percent of total family spend ing. The study said that 42 percent of All families have card for Banks automated Teller machines but that Only 30 percent of families actually used the card in the Mont before the Survey was taken. The Survey on financial patterns among . Families was conducted for the fed from May to August of 1984 by the Survey research Center of the University of Michi Gan which interviewed 1,946 . Families. Philadelphia jury convicts move member Philadelphia a the Only adult member of the Radical group move to survive a fiery onslaught by police was found guilty sunday of riot and conspiracy inthe confrontation that left 11 people dead and 61 Homes destroyed. Ramona Africa 30, was acquitted on 10 other counts including aggravated and simple assault recklessly endangering and resisting arrest. A common pleas court jury which had been sequestered during trial deliberated for i4v4 hours Over three did t Surprise me Africa said after the verdict. If it was a fair trial i would t be Here in the first District attorney Joseph Mcgill said he thought the emotional tone of. The Case played a role in the mixed verdict. The tragic and Complete Ion of the defendant s family made it difficult to achieve a guilty verdict on All the things she was charged he Michael Stiles reduced Africa s bail from million to $200,000 and scheduled a sentencing hearing for april 14. She faces a maximum prison term of 17years. Stiles rejected Africa s arguments for a nominal bail saying he had no guarantee she would appear for sentencing and he expressed concern that her release could prompt violence. As she was led from the courtroom in Handcuffs Africa shouted death to this. System. Long live John Afri John Africa who founded the cult was among the six adults and five children who died in the May 13 confrontation. All members of the group adopted the surname Africa. The charges against Ramona Africa stemmed from the siege in May which began when police tried to arrest her and three other members of the armed group. An Early morning shootout gave Way to a Daylong when dropped a Homo Mita. V of ii uru move s fortified Headquarters and touched off a fire that destroyed Homes in the surrounding 114 blocks. Aft wriggling out off it businessman Sam Matar of Carmet Calif tars Snake b Gong to help him get Eten with us Prada brother John Matar of Chicago who teat in Wiithorn and 23 other snakes for us birthday. Sam maj laugh and then made arrangements to ship the Witback to where they came from. Firefighters draw the line at City limits Blaze ignored Elca Jon Calif a firefighters in a station the Street from a burning Home for the mentally disable prevented by protocol from responding to the Maze to two people died City fire officials have Bostonia fire Protection District station is Iel Cajon s City limits about 100 Yards from the Thurman Home where the fire occurred. Bostonia firefighters were a Ware of the fire but did 5 take part in fighting the fire and Rescue operations Bee no Mutual Aid agreement exists Between the City Root District. School starts coping Progri after 3 apparent teen suicide Omaha neb. A three apparent Quick Kaijia week have shattered students at a City High school officials concerned that More teen agers May try to themselves have mounted special programs to help pc Cope. Teen suicides Are an illness in our assistant superintendent of Omaha schools said at a news conference. To movie about terrorists angers Arab America Detroit a a television drama about Middle Eastern terrorists operating from a Detroit suburb i part of a barrage of anti Arab propaganda that threatens the safety of Arab americans Community spokesmen say. Under siege broadcast on Abc depicts terrorism conducted by a group based in Dearborn a City of about 91.000 bordering Detroit on the West. There Are an Esti mated 20,000 people of Arab descent living in the Detroit area with 7,564 Arab americans in Dearborn according to the 1980 census. I feel like i be been raped Warren David director of the Arab american Media society said last week after previewing the three hour film at Abc affiliate wd1v-tv in Detroit. Local Arab americans had asked div to delete references to Dearborn from under siege and about 50 protesters picketed outside the station saturday. About 400 people called the station about the show 250of them while the show was on the air said div spokeswoman Eileen of the Calls were Calls critical of showing the movie Wunderlich said. They objected to Dearborn or Detroit being mentioned the station showed the film intact but agreed to preface it with a disclaimer Reading this program you Are about to see raises important civil liberties questions. It is fictional and not intended to reflect adversely upon the charac Ter of Law abiding Arab americans or american Muslim communities. We did screen the movie for Community a no re re a is. A i. A. Hari Ujj or have saw movie is in Iona Ana As the disclaimer Sarto reflect adversely upon any ethnic group however David was not satisfied. The Overall theme of the movie is that there Are a Bunch of i i in. L�s.rbo7 and hexane p �n8 overthrow the response in the Community tie said. Arab americans feel that in this country there is a great Deal of anti Arab feeling said Stephen Ramedia specialist for the Washington .-based a can Arab anti discrimination committee. We fed we have been singled out by the entertainment which plays upon the emotions of the hour. We re not talking about sensibilities being Offen Menick said. We re concerned that these films inspire violent acts against i used to think the stereotype came out of ignore Sobut i m not so sure added Jack Shaheen a professor i communications at Southern in Nois uni a think there s a malicious intent Justice department ordered the Fri in december a to investigate recent bombings of the offices of the amjfcfi9i v can Arab anti discrimination committee .f.1? october attack in California that killed a regional of the organization. A Fig i on aug. 2, a pipe bomb found outside the group s Bok Iton office exploded in the face of police officer wounding him. In december a fun Benny " Washington headquarter
