European Stars and Stripes (Newspaper) - February 19, 1992, Darmstadt, Hesse                                Wednesday february 19, 1992 the stars and stripes c Page 3banks get incentive to boost Loans Washington a the Federal Reserve Board in a new bid to stimulate a sluggish Economy announced tuesday it was reducing the amount of Money Banks must hold in Reserve. The action that could make More than $8 billion available for new Loans. The fed said it was making the change the first time it has altered its Reserve requirements in 12 years in an Effort to put Banks in a better position to make Loans by reducing How much Money financial institutions Are required to hold out As reserves against bad Loans. The fed said it was cutting the required reserves from 12 percent to 10 percent on april 2. That Means that instead of keeping $12 of every $100 in customer deposits in non interest bearing accounts at the fed or in a vault Banks and savings and Loans will be required to hold Only $10 out of every $100 As reserves. That would make an extra $2 out of every $100 in deposits available for Loans. The Central Bank estimated that had the reduced requirement been in effect last year it would have made an additional $8 billion available for Loans by cutting required reserves from $50 billion to $42 billion. Analysts generally applauded the action saying that making More Money available for Loans should lower interest rates. The american Bankers association praised the action saying it meant that a the Federal Reserve is using the entire Arsenal of tools at its disposal to fight the economic recession. These actions result in an increase in the nations Money Supply and a lowering of interest rates so that Money can be made available and affordable to Consumers Small businesses and other borrow ers. Jack Morris a spokesman for new York based Citicorp the largest . Bank said the feds action was Good because a it frees up a modest amount of Money which we can put to  some economists speculated that the fed s action would shave at least a Quarter Point More off the Federal funds rate now 4 percent. That is the rate Banks charge each other for overnight Loans. Analysts said that providing More Money for financial institutions to earn interest on should bolster the institutions profit margins which would also be Good for the Economy Given the record number of Bank and savings and loan failures in recent years. The fed has lowered the funds rate by pumping More of its own reserves into the system 14 times since the recession began in july 1990. Federal Reserve chairman Alan Greenspan is scheduled to testify before Congress today about the feds conduct of monetary policy during the recession. He is expected to face accusations that the Central Bank has been too slow and timid in cutting interest rates and has made the recession longer and More severe than it would have been otherwise. Book asserts mobsters killed Monroe in bid to expose Frk Romance new York up Marilyn Monroe was killed by the mafia to expose attorney general Robert f. Kennedy a Romance with the actress a Book coming out this week says. Kennedy however was saved from scandal when los Angeles authorities declared Monroe a death a suicide according to the Book titled double Cross and a three part expose on the nationally syndicated to show hard copy. The author of the Book Chuck Giancana appears on the to series. He is the Nephew and Godson of Sam Giancana the late Chicago mob Boss who was one of the mafia leaders targeted by Kennedy for prosecution or deportation. Some theorists say president John f. Kennedy was assassinated at the order of the mob probably the Carlos Marcello organization in new Orleans in the belief that this would end his brother a term As attorney general and his harassment of organized crime figures. Giancana writes that his Uncle a longtime Boyfriend of Singer Phyllis Mcguire romanced Monroe shortly before her death. The elder Giancana bugged Monroe a Hollywood apartment to get information on the Kennedy Brothers both of whom have been linked romantically with the superstar the Book says. Then he ordered her death Giancana said hoping to disgrace Robert Kennedy. According to the author the attorney general had a rendezvous with Monroe at her Hollywood Home on the evening of aug. 4, 1962. After he left four mafia hit men visited her and a forced her nude body to the bed a he said. A calmly and with All the efficiency of a team of surgeons they taped her Mouth shut and inserted a rectal suppository filled with nembutal a sleep inducing Barbiturate powerful enough to induce death Giancana wrote. Monroe a nude body was found on her bed Early the next Day and experts ruled it was a a probable suicide after finding a High level of barbiturates in her bloodstream. There was an empty vial of nembutal on a be stand according to police reports. Monroe a psychoanalyst told police that she had tried to kill herself twice before. Giancana said his Uncle had expected a a hordes of police to search the apartment and find evidence that a Bobby Kennedy had been there just hours  but the Fri removed All traces that would have incriminated Kennedy a married Man with nine children Giancana wrote. Giancana described the suppository As the a perfect weapons for killing Monroe. A a suppository was As fast acting As an injection but left no Needle Mark for a pathologist to discover a he wrote. One of the people interviewed by hard copy was former los Angeles prosecutor John Miner who was present at the Monroe autopsy. Miner said medical examiners found a Eurple discoloration on the lower part of or Colon possibly supporting the suppository theory. Sam Giancana was gunned Down outside his suburban Chicago Home in 1975 As the result of friction with rival mafia Bosses. He was reputed to have participated in a failed Cia plot to assassinate Fidel Castro in the Early 1960s. One of Giancana a girlfriends Judith Campbell Exner has been linked romantically with president Kennedy to whom she was introduced by Frank Sinatra. Exner claims to have carried messages Between the White House and the mob  protest Julia Sloane of san Francisco and Dan Mathews of Washington d.c., March along a Busy Tokyo Street tuesday to protest an International far fair being held at a nearby Center. The activists stripped Down to their underwear Are members of .-based people for the ethical treatment of animals who trailed 23 american furriers to Japan. The Banner reads a we d rather go naked than Wear fur.�?�50 die As Balcony collapse causes Stampede new Delhi India a the Balcony of an old Hostel for hindu pilgrims collapsed tuesday during a religious festival crushing people and prompting a Stampede. At least 50 people were killed news reports said. The tragedy occurred during a hindu festival held every 12 years in Kumbakonam in tamil Nadu state that attracts millions of pilgrims from All Over India news reports said. About 50 people were seriously injured the press Trust of India news Agency reported. It said hundreds of people crowded onto the Concrete Balcony of a pilgrims Hostel overlooking a Large artificial Pool in which people were taking ritual Baths. Tens of thousands More were standing at the Edge of the Pool waiting for their turn. Hindus believe a dip in the sacred 5.4-acre Pool at an auspicious time determined by astrologers absolves ones sins. Concrete slabs of the Balcony fell on crowds of pilgrims below triggering a Stampede press Trust said quoting police inspector general . Dewar am. It was not known How Many deaths occurred in the crush of the collapsed building but press Trust said most of the people were believed to have died in the Stampede. United news of India said about 1.5 million pilgrims had gathered in the town but press Trust of India put the figure at 5 million. Neither report could be confirmed immediately but religious festivals often attract millions of people in India a nation of 844 million people mostly hindus. Kumbakonam is 1,210 Miles Southeast of new Delhi and 160 Miles South of Madras the capital of i Ami Nadu. Thirty women and three children were among the victims the two news agencies said. It was the first Accident in memory at the Mahama Ham festival. The first recorded Celebration in Kumbakonam was in 1518