[News Script: Prime rates] Page: 1 of 2
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eR IME RATES
:S HAVE BEEN CALLED ON THE CARPET TODAY. THE CARPET IS THAT
OF FEDERAL RESERVE CHAIRMAN ARTHUR BURNS, WHO ALSO SERVES AS
HEAD OF THE NIXON ADMINISTRATION'S COMMITTEE ON 'INTEREST AND
DIVIDENDS. BURNS HAS INDICATED DISPLEASURE WITH THE HIKE OF
THE BANKS' PRIME LENDING RATE FROM SIX AND ONE-QUARTER TO SIX
AND THREE-QUARTER PER CENT. HIS REQUEST FOR A MEETING TODAY WITH
REPRESENTATIVES OF THOSE BANKS APPARENTLY HAS DISCOURAGED OTHER
BANKS FROM FOLLOWING THEIR LEAD AND RAISING THEIR RATES ALSO.
CONGRESS
THE SENATE IS TO VOTE TODAY ON LEGISLATION FREEING 120 (M) MILLION
DOLLARS FOR WAT T AND SEWER PROJECTS IN RURAL AREAS. THIS IS
THE MEASURE THAT WAS VETOED BY PRESIDENT NIXON LAST FALL, WAS
THEN PASSED OVER THE VETO AND FINALLY WAS SUBJECTED TO A
CONTROVERSIAL POCKET-VETO BY THE PRESIDENT. THE HOUSE APPROVED
IT FOR THE THIRD TIME THREE WEEKS AGO, BY A LOPSIDED VOTE OF
297 TO 54. THE SENATE IS EXPECTED TO GIVE IT SIMILAR OVERWHELMING
APPROVAL TODAY.
--DASH--
HOUSE DEMOCRATS ALSO VOTED YESTERDAY TO OPPOSE NIXON ADMINISTRATION
REGULATION CHANGES THAT THEY SAY WOULD CUT NEARLY ONE (B) BILL ION
DOLLARS OUT OF FEDERAL SOCIAL-SERVICE PROGRAMS.
IN THE SENATE JUDICIARY COMMITTEE TOCAY, ACTING F-B-I DIRECTOR
L. PATRICK GRAY WILL HAVE A NINTH DAY. ON THE WITNESS STAND.
REPUBLICAN SENATOR EDWARD GURNEY OF FLORIDA SAYS A COMMITTEE
DEADLOCK MAY BE DEVELOPING ON GRAY'S NOMINATION AS PERMANENT
HEAD OF THE F-B- I.
L 5:24ACS 03-22-73
APui7Q
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WBAP-TV (Television station : Fort Worth, Tex.). [News Script: Prime rates], script, March 22, 1973; (https://texashistory.unt.edu/ark:/67531/metadc1737309/m1/1/: accessed June 21, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Special Collections.