European Stars And Stripes (Newspaper) - August 14, 1988, Darmstadt, Hesse                                Page 20 the stars and stripes sunday August 14,1988 investor s guide by Bill Doyle q. The Bank with which i do business originally was a savings and loan association. Then it converted to a Bank with the initials feb after its name. Deposits at this Bank Are still insured by the Federal savings & loan insurance corp., just As they were when the Bank was an so. It has been my understanding that folic insures a is and that the Federal Deposit insurance corp. Insures Banks. As suming that has t changed How can my Bank have folic coverage a. The initials is stand for Doyle Federal savings Bank meaning your Bank is federally chartered. Some Banks and a is have Feder Al Charters others have state Char  insures deposits up to $ 100,000 per depositor at federally chartered and state chartered a is and at federally chartered savings Banks which hold folic  provides similar insurance coverage at federally chartered and state chartered savings Banks and some other institution holding Odic membership. In recent years the dividing Lin Between different types of depository institutions has been blurred by deregulation Laws and govern ment decisions. So have the Rule governing which Federal Agency in sures deposits at which Type 01 depository institution. For example the Garn St. Germain act of 1982permits Ifcic to insure Industrial Banks and Thrift and loan associations both of which Are More likes is than traditional Banks. Q. Why Are Odic and folic separate and do you think they will merge into one Federal Agency a. Odic was established by Congress in 1933 to insure depos its at Banks folic in 1934 to in sure deposits at a is. Back then the two types of institutions were quite different from each  Days it s often difficult to Tell them apart. There have been and continue to be proposals to merge the two. But there is a lot of opposition tothe idea mostly because Odic is in better financial shape than folic. Banks Don t like the idea of bailing out ailing a is. Man financially solids is would like to quit folic and join Odic. Q. My husband died six months ago. Since then i have remarried. How do i locate stocks my former husband owned he failed to in form me about his stocks but if i can i would like to claim . If your late husband indeed did own stocks or other securities he should have been receiving mail indicating ownership. If the Securi ties were registered in his name he would have received communications including such things As an Nual reports proxy statements an dividend checks directly from the companies in which he invested. If he left securities in a Street name registered in a brokerage firm s name he would get statements listing his ownership of securities from the brokerage. You should Check mail addressed to him for information about his Stock ownership. King features Syndicate columnist Doyle Wel comes written questions but he can provide an Swers Only through the column. Business news fed action receives mixed reviews new York a As they have demonstrated anew in the past few Days Wall Street investors Are a Tough group to please on the subject of inflation. In the Bond Market especially inflation is Public enemy no. 1 because it erodes the value of Money invested i Long term assets with fixed face values. And when the Bond Market suffer from inflation fears so usually does the Stock Market. But what happens when the Federal Reserve and other Central Banks in Lead ing industrialized countries take a Mili Tant stance against inflation and Back up their words with action if you take tuesday s increase in the discount rate by the fed As a Case pinpoint the markets react with dismay. One prominent concern is that in their Zeal to keep inflation in Check policy Mak ers will tighten credit enough to cause a recession at some Point Down the Road. But some optimistic forecasters Don buy that argument. They contend that a modest Pinch now by the fed could fore stall the necessity for a crunch later on. Statistics reported to Date suggest that inflation in this country is creeping up but not accelerating rapidly. There was some uneasy reaction in the markets Friday when the government re ported that the producer Price Index rose0.5 percent in july 0.6 percent if you exclude food and Energy prices which Are prone to erratic Short term fluctuations that Don t indicate any lasting trends. The big worry on Wall Street these Daysis that the robust Pace of economic activity will soon quicken the Pace of prices As i strains labor and production capacity. However some analysts contend that these fears Are unjustified. The econ omy is Strong but Strong for the right reasons maintains Michael Sherman at Shearson Lehman Hutton inc. The inflation picture itself is still Nota problem despite All the rhetoric. We think that inflation must bewitched but we do not see reasons for higher interest rates at this time and we believe there May emerge forces that could bring Long rates e.g., on Bonds Down from present  the Dow Jones average of 30 industrials fell last week 81.61 Points to 2,037.52. The new York Stock Exchange composite Index dropped 4.56 to 148.53 the Nash a composite Index for the Over the counter Market lost 8.76 to 378.95, and the american Stock Exchange mar Ket value Index was Down 8.47 at 296.48. Cuomo May fire Yonkers officials Harrison . A  Cuomo said Friday that he May yet remove from office the Yonkers Cit councilmen who Are defying a Federal judge Over an order to promote racial integration by building 800 units of affordable housing. We certainly will not Rule out remo Val by any Means the governor said after meetings with the Yonkers a Acland the editorial Board of the Gannett Westchester Rockland newspapers. Federal and state officials should help persuade Yonkers to build both Low and moderate income housing Cuomo said. The people of Yonkers have to have leadership locally and otherwise that shows them the Way that shows the they can have this housing that shows them they can do the right thing by the poor people without threatening their own property the governor said. No one needs to suffer a loss to Fin housing for 200 families in a City As great As Yonkers he said. Yonkers has a population of 195,000. If an appeals court upholds a con tempt finding next week he said the recalcitrant Council members should con Sider resigning. Cuomo said his role would be defined by . District judge Leonard Sand who found the City liable for segregating housing and schools for 40 years. It s his jurisdiction the governor said. Sand also found the City and four councilmen in contempt for failing to endorse a Resolution to build the housing units to break the pattern of segregation. Each councilman was fined $500daily. The City was fined $100 a Day with fines to double daily. By the 22ndday of the fines the City would face the total elimination of its $337 million Bud get. But a three judge appeals panel stayed the fines pending a full hearing on the contempt order next week. Cuomo said he wanted to await the out come in the appeals court before taking any action. To remove elected officials is lengthy process the governor observed. However the Yonkers emergency financial control Board could find the officials in violation of the control boar act and set into motion a removal pro Cess said Cuomo. 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