Treasury to Monitor
Libya's US AssetsIn an attempt to monitor compliance with a U.S. freeze on Libyan assets in the United States, the Treasury Department will require U.S. banks and others to report on all Libyan assets by Nov. 20.
President Reagan ordered all U.S. citizens and firms out of Libya in January 1986, froze Libyan assets in the United States and banned U.S. exports to Libya because of Libya's alleged support for terrorism.
The order applies to U.S. firms holding frozen Libyan assets and to Americans with claims against Libya.
Fuji Bank Lists Shares
On London Exchange
TOKYO - Fuji Bank's shares were listed on the London Stock Exchange Friday, the first Japanese bank to be so listed.
The aim of the listing is to strengthen the bank's funding capacity, Fuji officials said. No new issues will be floated as a result, they added.
Japan's Money Supply
Shows Strong Growth
TOKYO - Japan's M2 plus certificates of deposit money supply in August rose 11 percent from a year earlier to 359.2 trillion yen ($2.5 billion), compared with 10.3 percent year-on-year growth in July, the Bank of Japan said Friday.
This is the fastest growth since December 1979, when M2 also registered an 11 percent rise.
Central bank officials said the money supply rise was due to a sharp jump in borrowing before a recent rise in the long-term prime rate, and increased borrowing on expectations of rising interest rates.
Chicago Merc Shortens
Gold Trading Hours
CHICAGO - The board of the Chicago Mercantile Exchange voted to shorten trading hours on its International Monetary Market gold futures market.
Effective today, IMM gold futures will close at 2 p.m., Chicago time, instead of 3 p.m.
The change was announced just a week after the exchange lengthened hours in an effort to capture a larger share of the gold market. On Sept. 8, the exchange moved the gold close to 3 p.m. from 1:20 p.m.
The exchange said floor traders requested shorter trading hours.
First Shogun Issue
Filed by Fannie Mae
NEW YORK - The Federal National Mortgage Association, Fannie Mae, said it filed a securities registration statement with the Japanese minister of finance for the first U.S. dollar-denominated "shogun" issue that allows an exchange into a companion U.S. domestic issue.
Nikko Securities Co. is the lead-manager for the $200 million issue and Long Term Credit Bank of Japan Ltd. will serve as chief commissioned company.