64202 Pooling it at the Bank A Pizza with everything • ~ • most of all friends Readings on women May 1974 News about the men and women 0/ the ..,.....r . r l Day care poll s. A. chief attracts few urges full "yea" votes participation Only 48 persons among all Bank Chairman of the Bank Group Staff staff have indicated that they would be Association! Hardly a position that I interested in enrolling their children have aspired to-yet looking back over in a Bank-sponsored Day Care Center. the 27 months I've been employed by The 48 included married as well as the Bank, it seems that events have unmarried staffers, men and women. drawn me, almost inexorably, into my (The Personnel Department is cur­ deep involvement with, and commit­ rently studying the feasibility of estab­ ment to, the Staff Association. lishing such a center. As of Bank Almost my first action as a staff Notes' pUblication date, no decision member of the Bank was the casting of has been reached by the Bank.) my vote to elect the Delegate who (The Personnel Department did say, Members of the Staff Association's Executive Committee at work during a would represent the Legal Department recent meeting. S~ated at the head of the table (back to camera) is Executive. in the 1972 Delegate Assembly. Per­ however, that it was ' discouraged" by Committee Chairman, James Friedlander. Then, from left to right, are: Paula T. haps it was the confusion of my first the results of the poll. ) VaJad (First Vice Chairman), Jeffrey Balkind (Second Vice Chairman), Diana C. few weeks in the Bank, which coin­ Child-care questionnaires were sent Chitwood, W. van Saagsvelt, Bharat B. Krishna, Lois Williams, Margaret A. cided with the birth of our first daugh­ out to all Bank staffers on the subject Polden, Erdmann Zimmer-V orhaus, and Sylvia R. Browne (Treasurer). Seated ter, but I was initially under the im­ on March 28. One hundred forty-six at the desk (upper right) is Madeleine Wyss, Stail Association secretary. Missing pression that the Staff Association was replies were returned to the Personnel from the photograph are A. Amir AI-Khafaji (Secretary), A. Sani EI Darwish, an integral part of the machinery of Department. Frank Higgenbottom, Jeffrey A. Katz, and John Simmons. the Bank. Of the 146 replies, 109 were re­ It didn't take long before I discov­ ceived from staffers who had or will ered that such was not the case. have eligible children (between the ages of two and one-half and five) for Feminist library opens doors; Today, however, my perception of the Staff Association has changed al­ the program's start in October. Of the 109 staffers, only 48 said that they would be interested in enrolling their feminine "ms"teries bared most as much as the role of the Staff Association has grown. The operations center of the Staff Association, the Ex­ children in the center. Of the 48 staff­ A Women's Studies Bookshelf has Gabrielle Burton; Women and Mad­ ecutive Committee, has benefited from ers, 22 were women-with 23 children been established in Room E-736, and ness, by Phyllis Chessler; The Second over two years of experience in dealing -and 26 were men-with 28 children. all Bank staff are invited to use it. Sex, by Simone de Beauvoir; Legal with management. Major policy dis­ The center was always intended to The Bookshelf is a project of the Staff Rights of Married Women, by Daniel cussions, often based on Delegate As­ be primarily a recruitment and reten­ Association's Status of Women Work­ de Benedictus; No More Fun and sembly decisions, are carried on by the tion incentive for women in general, ing Group. Games, by Dana Densmore; The Dia­ Executive Committee pursuant to pro­ and secretarial staff in particular, al­ The Working Group hopes the lectic of Sex, by Shulamith Firestone; cedures which are now becoming though eligibility would be open to all Bookshelf will meet the needs of Bank The Feminine Mystique, by Betty Frie­ standardized. with day care needs. Thus, the rela­ staff who wish to keep informed on the dan; The Female Eunuch, by Germaine In dealing with more personal and tively few women in the Bank who changing roles and concepts of women Greer; and The Dangerous Sex, by H. individual problems, the Executive responded affirmatively to the question­ in countries around the world. R. Hays. Committee has, I believe, focused naire (about 1.5 per cent of the total) The Women's Studies Bookshelf al­ Also: Adam's Rib, by Ruth Hersch­ management's attention on difficult sit­ has Jed to the uncertainty surrounding ready has a number of interesting berger; Sexual Politics, by Kate Millet; uations that beg sensitive handling. the establishment of the center. books and periodicals, including all The Descent of Women, by Elaine The Staff Association and manage­ Those who responded affirmatively back copies of M s magazine, and the , Morgan; Sisterhood is Powerful, by ment have established, to a large ex­ to the poll said that their principal rea­ British publication, Women's Report. Robin Morgan; Lettre Ouverte aux tent, that degree of trust in one an­ son was that the social and educational Among the books on hand at the Hommes, by Francoise Parturier; Are other which is necessary to permit the programs in their current day care ar­ Bookshelf are: Women Human, by Dorothy Sayers; Staff Association to function effectively rangements were less than satisfactory. Born Female, by Caroline Bird; I'm Memoirs of an Ex-Prom Queen, by as a representative of the staff, both Running Away from Home But I'm (Continued on Page 2, Col. 1) Not Allowed to Cross the Street, by (Continued on Page 2, Col. 1) (Cont'd on Page 2, Col. 2) . Page 2 Bank Notes May' 1974 . Day Care ••• Cont'd . Transportation difficulties ranked sec­ ~ ond in importance; reliability, cost, and inadequate physical care factors were mentioned in descending order. Eighty per cent of the women and 93 per cent of the men who indicated that they were not interested in a Bank-supported Day Care Center said that they were satisfied with their pres­ ent arrangements for day care. The opening of the day care center for the children of the Bank staff-if the program is to go forward-is con­ templated for October of this year. The Center would be located in the basement of a church, located on 20th and G Streets, and would be open Mondays through Fridays from 8 A.M. to 6 P.M. In most cases, the anticipated cost to parents would be $30 a child weekly. For those with higher incomes, how­ ever, the cost would be higher. Library ••• Cont'd Alix Kates Shulman; and A Room oj One's Own, by Virginia Woolf. Helping them over their oil crisis is all very well, but this is ridiculous! Books and magazines may be bor­ rowed without charge for three weeks, Staff Association ••• Cont'd ecutive Committee consider proposing tives of the Staff Association. after which time a fine of 5¢ per work­ an amendment to the Staff Association Secondly, and equally important, collectively and individually. constitution to eliminate the Delegate how many staff members would be ing day will be levied. The ,money from Should we be satisfied with the Assembly and replace it with a Com­ willing to drop their current work loads the fines will be used to buy more progress which has been made in the for a whole year to help run the Staff books. mittee which is directly elected by all development of the Staff Association The Status of Women Working staff, a structure which has been adopt­ Association? I for one would not! over the past two years? ed by our friends in the Fund. If 15 Group welcomes contributions to the My quick answer is yes-but I still persons alone out of 4000 staff mem­ Can Find Time Bookshelf from Bank staff. It would see the Staff Association at an early also like to receive suggestions for ac­ bers are the only ones actively pursu­ I joined the Bank for reasons other stage of its development. For example, quisitions. Contributions and sugges­ ing the daily interests of the Staff Asso­ than staff administration and develop­ is the structure of the Staff Association ciation, the fiction of the Delegate As­ tions may be sent to the Women's Stud­ ment, and although I am deeply inter­ of the Fund. The Bank Staff Associa­ sembly deciding the staff's interests and ies Bookshelf, Room E-736. ested in such matters, as evidenced by tion is based upon a Delegate Assem­ directions should be permanently laid J.C. involvement in the Staff Association bly, which represents all Departments to rest. over my 27 months in the Bank, I in the Bank. The Delegate Assembly Expertise Developed would not have given up my position elects an Executive Committee· to be in the Legal Department for a whole the executive instrument of the Staff One bright hope for the future, how­ year just to serve as a staff representa­ Association. The Staff Association of ever, may militate against changing the current structure of the Staff Associa­ tive. Others on the Executive Commit­ the Fund, however, consists of a di­ tee have similar feelings. rectly-elected Committee which runs tion. On the other hand, I believe strong­ all of the Staff Association's affairs As more and more staff inembers ly that those of us who are interested throughout the year without reference get involved in the workings of the in promoting the interests of the staff to any other body. Staff Association, a sizeable body of can find the time in their schedules to One criticism of the Delegate As­ expertise and interest is being devel­ . operate effectively as Staff Association sembly last year was that it was lethar­ oped; eventually a large percentage of representatives. gic, inactive and basically unconcerned the staff will have been at one time or with the work of the Staff Association. another either a Delegate, Alternate, Participation Invited Last year's Delegates' reply to this Executive Committee member, or a charge was that a communications gap member of one of the specialized The above ramblings are only spot made them ineffectual. Working Groups of the Executive impressions which I have jotted down To avoid this communications prob­ Committee. over a short weekend. In a short space lem this year, and thereby assist the In increasing staff awareness by par­ like this, one cannot give a compre­ Delegates in increasing their activity ticipation, the Staff Association may be hensive summary of the net worth of Lucy Sah joined us in the old East­ the Staff Association. ern African Department in 1969. She in the daily operation of the Staff As­ performing its most useful service to sociation, the Executive Committee has the staff~as well as to the manage­ We have come a long way in the had been working in Hong Kong. Staff Association, but it is only a be­ She told us that her home was in Pe­ taken the following steps: ment of the Bank-which may obviate (1) A Newsletter from the Execu­ the suggestion to restructure the Staff ginning. This year, the Executive Com­ king, and that most of her family was mittee is experimenting in broaden­ tive Committee to Delegates will be Association. living in China. It did not take Lucy ing the scope of each Executive Com­ issued semi-monthly; Another recently-suggested change long to pick up her job and to do it mittee member's participation in its (2) Delegates and Alternates each in the Staff Association is to make the with conscienciousness and thorough­ daily operations. The 1974 Work Pro­ are being requested to join at least one office of Chairman, and perhaps some ness. She was always very efficient; gram emphasizes several priority areas of the Working Groups which have other offices, permanent for the year her work was immaculate .and her re­ which are the current opinion of the been established this year to carry out that such person or persons serve their lationship with colleagues very correct. Executive Committee as to where the the 1974 Work Program of the Execu­ terms of office. Such persons would be Lucy always gave the impression of tive Committee; and released from their present positions Staff Association should be going from being individualistic; sometimes she (3) Delegates will be invited to Ex­ in order to be able to devote their full here. even appeared lonely. I suppose she ecutive Committee meetings from time time and energy to representing the in­ I invite all staff members who have was subject to the isolation and loneli­ to time to bring specific problems to terests of the staff. the interest 'to consider Staff Associa­ ness which many people, particularly the attention of the Executive Com­ I am personally strongly against this tion participation as a possibility; we from completely foreign cultures, can mittee. innovation for two reasons. Firstly, the need your support! face in a city like Washington. If these or other steps to solve the Staff Association now has its own sec­ Would I do it all over again and run Perhaps she never realized how communications gap do not increase retary, Madeleine Wyss, and office for Chairman of the Staff Association? many friends and admirers she was the activity of Delegates and Alternates space. Much of the work load and con­ One need not wait for my term of office leaving behind, because of her high in the Staff Association, other than tinuity is therefore provided through to expire before eliciting my affirma­ personal qualities. their attendance at Delegate Assembly Madeleine's long involvement, dedica­ tive response. S. Shahid Husain meetings, I would suggest that the Ex­ tion and interest in the aims and objec- James S. Friedlander r4 May 1974 Bank Notes Page 3 Bank Calendar Bank/Fund/IFC Tennis Club-The Club has elected its Executive Committee Bank/Fund Squash Club-The Club has been effectively . . . well, squashed. for the 1974 Season as follows: As of Monday, April 8, the two courts in the YMCA at 18th and G Streets, N.W., President-A art van de Laar which the club members have been using, were closed. Soon they will be no more. First Vice-President-Jean Tixhon The building that houses the courts has been sold to a United States Government Second Vice-President-Kudlapur Krishna Secretary-Treasu rer-Denise Pegoix agency, which has plans to build a new structure on the site. The existing building Tournaments Director-Gary Luhman will be demolished. The YMCA plans to build two new squash courts at 18th and Secretary-Jeannette Murphy G, but this may take several months to complete. The Club has made court reservations for the season at Carter Barron Meanwhile, Club members are looking for other courts (of which there are (Kennedy Street and 16th, N. W.) for Saturdays and Sundays: 3 courts from precious few available in th~ downtown area) or alternate ways to exercise 10 A.M. to 12 Noon and for Mondays and Wednesdays 3 courts from 6 P.M. (a coup le of Club members have turned to paddle ball, which can be played on to 8 P.M. the YMCA's handball courts). New club members are still welcome. Membership fees are $30.00 for men, There is a possibility that the Club may be able to strike a special arrangement $22.00 for women and $40.00 for couples. Membership applications, accom­ with the Arlington YMCA, if enough members are interested. That facility has panied by check, payable to the Club, should be addressed to Ms. Pegoix (Bank) two brand new squash courts which are nearing completion. They are located Room FII06. General information can be obtained by calling Ms. Murphy, about 10 minutes from the Bank at Kirkwood and N. 13th St., which is off (Bank) Extension 5798. SpoutRun. For an initial membership fee of $30 (lasting until the end of Septem­ ber 1974) members can use the facilities, which include tennis courts, sauna, sun World Bank Stamp Club-Club members are reminded to check their WEEK­ deck, etc. However, court rental is $7 for 45 minutes of play during peak hours LY BULLETIN for announcements concerning Auctions and "swap sessions". (Noon and 6 P.M. to Midnight, seven days a week. If members wish unlimited playing privileges (without court charge), it will cost $75 in addition to the $30 membership fee. International Camera Club-The opening on April 2 of the photographic/silk­ Anyone interested in joining the Arlington YMCA should either contact the screen show of work by Anne Duncan, sponsored by ICC, was attended by a membership office at 578-1150 or Tom Blinkhorn, president of the Bank/Fund large group of members and their guests. The high quality of views of African Squash club at extension 5742. local life and landscape drew many comments. Of particular interest was the artist's technique of making silkscreen prints from 35mm black and white nega­ tives. The exhibition was on show in the 13th floor gallery, "E" building, and Wives-Every Tuesday - Opportunities Information Service - next to the ran successfully for 2112 weeks. WIVES office, F. Building, Room 213, 9.30 A.M. to 12 Noon. Tel. 477-5930. rIt, The Club will hold its May meeting on the 15th of the month; program to Wednesday, May '-Open House in Virginia~Lyra Snel, hostess, 11555' Links be be announced later. Drive, Reston, 10 A.M. Tel. 437-4529. .ds The annu al banq uet of the Club will be held this year on Friday, June 7 . Further details will be published at a future date. Friday, May 3-Visit to Woodlawn Plantation and the Pope Leighey House aff (built by Frank Lloyd Wright). 10.30 A.M. till early afternoon. Refreshments will be served, bring your own picnic lunch. Cost-$2.50 per person. Bank/ Fund Table Tennis Club-The in-house table tennis room will be located Sunday, May 5-Bank Family Day in Bethesda-Burning Tree Elementary on the first floor of the F Building off the corridor between F and A. School Beech Tree Road and Maryknoll Avenue, 2 P.M. to 4.30 P.M. Bring a ler Two tables have been ordered, and although at present still under construction, picnic and plan to play games. For further information, telephone Jeannine Loos, ,p­ we hope to start playing in our own room before the end of May, 1974. Tel. 229-2484. eI­ For the time being the game room in the basement of the YMCA is available by Tuesday, May 7-Intemational Needlework, Lora Nell Armstrong, hostess, every working day from 12 Noon until 2 P.M. on 3024 Crane Drive, Falls Church, Virginia, 10 A.M. Tel. 534-6675. For more information call : Henk Groen-624 I , Lucila McKay-5520, qr , I Tuesday, May 14-0pen House in Virginia- Yowapa Fish, hostess, 9303 Peter Gyamfi-2843. on C oronado Terrace, Fairfax, 10.30 A.M. Tel. 591-5838. Jle Wednesday, May 15--Contioental Breakfast and Fashion Show-Lord and ta­ Bank/IMF Bridge Club-Maranto wins bridge cup second time! Frank A. Taylor, Seven Corners, Falls Church, Virginia. For further information and to lit- Maranto, a computer systems analyst in the Bureau of Statistics of the Fund, reserve tickets, call Irene Mould, Tel. 780-6782. won the 1973/74 cup competition of the IMF Bridge Club. His percentage game Sunday, May 19-Parents of handicapped children are invited to meet each Ig­ in the best 8 out of the 12 sessions was 62.36--the' highest winning score in other to share ideas and information, 3 P.M. to 6 P .M. Bring your children. :ed club history. Mr. Maranto was presented with an engraved silver trophy at the Swimming if the weather is good. Soft drinks will be provided; bring snacks. aft April 16 meeting of the Club. Twenty-two players had participated in 8 of the Barbara Westebbe, hostess, 6218 Lakeview Drive, Falls Church, Virginia. If you to 12 sessions and thus were in competition for the cup. Mr. Maranto had previously plan to attend, telephone the WIVES office. on won the cup in the 1967/68 winter competition when his percentage game was Saturday, June I-Youth Activities (15 and up)-Swim party. Home of Sarra 58.27. and Sid Chernick, 740 3 Connecticut Avenue, Bethesda, Maryland, 2 P.M. to Ernst Loeschner, an economist in the Development Finance Companies Depart­ 6 P.M. Interested young people should send their names and $1 to defray cost of ment of the IBRD, ranked second with an average percentage game of 59.55. lot refreshments, to the WIVES office by Monday, May 27, 1974. Close on his heels was Edward J. Ribas, of the IFC, with 59.08. Fund retiree wn Robert Praetorious and his wife ranked fourth with a percentage game of 55.45, Tuesday, June 4-0pen House in Maryland, Ditti Morse, hostess, 9300 Fern­ Lce and Miss Rosemary Braddon, a computer specialist with the IBRD, ranked fifth wood Road, Bethesda, 10 A.M. Tel. 365-8345 . re- with 54.82. Beginning Tuesday, June 4 and continuing through Friday, June 7-An of This is the tenth anniversary of the Club's trophy competition. There are two exhibition of the arts and crafts of Bank Group wives, 13th floor Gallery, E competitions a year, each consisting of 12 fortnightly sessions. The 1974 summer Building, 9 A.M. to 5.30 P.M. :he competition began with the April 16 session and will continue into September Tuesday, June 4-International Needlework, Lora Nell Armstrong, hostess, )e­ or October. The fortnightly sessions are held in Dining Room No. 5 of the Fund 3024 Crane Drive, Falls Church, Virginia, Tel. 534-6675. This group will meet m- Building. Persons interested in playing should contact the Secretary of the Club, on "the first Tuesday" through the summer. ~n- Mr. Bhagwat, on Extension 4301. m­ its Cricket-The season has s~arted. League games are played on Saturdays ro­ Bank/ Fund Chorus-Spring concerts are scheduled for May 16 and 17, Eugene and/or Sundays in Washington and other cities. Net practice during the week. R. Black Auditorium, II th floor, Bank C Building, at I P.M. ~as Anyone interested in playing for the British Commo~wealth Cricket Club can I ~he This spring, Jean T arnawiecki has organized for us a program of selections contact one of the following: Mark Lumsden (ext. 5069), Eugene McCarthy the of folk and choral songs-some mellow, some sprightly, some old, some not so (ext. 5925), or Peter Dixon (ext. 6027). [)m old-from as near as Canada to as far away as Easter Island and Ghana. Mark your calendar now, Thursday, May 16, and Friday, May 17, at 1 P.M. ~ve World Bank Soccer Club-In a bitter weekend at Bretton Woods, with the I' ila- International Bazaar-The Bethesda World Bank Wives is planning an Interna­ Bank Club suffering energy shortages and critical manpower dislocations, the we tional Bazaar to aid Ethiopian charities. The bazaar will be held on Thursday, Monetary Fund enforced a severe realignment, dropping the Bank five points May 16 from 10.30 A.M. to 3 P.M. at the home of Mrs. Howard Tolley, 9464 to one for the first time in three exchanges this year. Once disciplined, however, un Seven Locks Road (between River Road and Bradley Blvd.), Bethesda. In case the Bank held the British to a close draw; and then, led by Kenan Bulutluoglu's m? of rain the bazaar will be held at the same time on Friday, May 17. Plants, sewing early goal, went on to overwhelm Georgetown 5-1. ice items, toys, baked goods, and antiques will be sold. Tea, coffee and cake will For information about the spring season now in progress, and the up-coming Ila- be served for 75¢ or with international snacks for $1.00. For further information, summer schedule, contact Ted Hunting (ext. 2792), Grant Sinclair (ext. 2440), or call Mrs. Tolley at 469-6222. Al Schneider (ext. 5715). :ler Page 4 Bank Notes May 1974 Potpourri-People and Places Credit union­ or serving Bank We were reminded again, recently, We have met some pleasant people Four pages of the article had been of the power of the printed word. Un­ fortunately, the reminder came in the at the Credit Union. One of them is Robert Noe, of the Fuild, who hap­ written; the fifth and last page was in her portable typewriter at home. It was staff for $5.25 form of our own printed word-and, pens to be the Credit Union's Board then, while working at the Bank, that Membership in the Credit Union is as a matter of fact, in this very column of Directors president. We told him the vandals struck and laid waste to open to all staff members and their that usually gives us much pleasure in that we were wrong, and that we her valuables - including her Bank families of the Bank Group, the IMF writing. wished to apol9gize for being wrong. Noles' story and stole the typewriter and the Bretton Woods Recreation We refer, naturally, to our story last We also added that we would like to in which was stuck the last page of the Center. In order to join the Credit Un­ month involving the Translator (good see an article explaining to Bank staff­ article. ion one is required to purchase at least guy) and the Credit Union (bad guy). ers just what the Credit Union is, and We had to admit that we were at a one share ( $5.00) and pay a fee of It was a prety good story, we thought, what it does. Mr. Noe agreed. loss for words. No "Ah, we've heard 25 cents. Shares in the Credit Union, and it might have been-except for one La Rochefoucauld, never at a loss that one before" could escape from our which earn dividends quarterly, need thing: it wasn't accurate. We like stor­ for maxims, once wrote that "Our re­ lips. Thus, Miss Kaplan had the last to be retained until the end of the ies with happy endings, and this par­ pentance is not so much regret for the word: "Well, that's what you get for quarter in order to earn a dividend. ticular one turns out to be just that: ill we have done as fear of the ill that doing outside work at home." Let that If one has a financial need after half the Translator and the Credit Union may happen to us in consequence." be a lesson to our putative contributors. of the quarter has elapsed, in most are both good guys. Well, that's not the way it is at Bank cases one is better off borrowing with ~ It seems hard to believe, but it's Notes. We're sorry, and that's that. one's shares as securi ty rather than true: like the Emperor, we have been Last, but not least, some good words ~ about us (the Bank) from the editors withdrawing. Shares in the Credit Un­ caught without our clothes. In journal­ ion are insured up to $20,000. istic terms, that means we goofed, and We've heard excuses before, but of (U.N.) Secretariat News. Comment­ ing on the elimination of staff cate­ Last year the Credit Union paid worse still, we goofed because we ran a Gillian Kaplan's is the best one to come dividends at the rate of 6 per cent per story without checking our sources. down the pike in a long, long time. gories at the Bank, they write, "God bless Mr. McNamara. It has always annum. In addition, members may take "I was not told that non-profession­ Last month, we asked her if she advantage of payroll deduction to buy als could not get a loan," the translator would write an article for us on her seemed to us that the system of divid­ ing our work force into sheep and shares and to pay installments on loans. has written us. She added "What I was year's stewardship of the Staff Associa­ As a member of the Credit Union told was that since I was a newcomer tion. She kindly agreed to do that. We goats is sinister, iniquitous and, when one may make the following type of and a non-professional, I could not tend to get nervous around deadline semantics are taken into account, per­ loans: get a loan of more than $750. The time when articles that we had budget­ fectly ridiculous. point of the story is that it was simply ed have not shown up in our offices. "Is this the dawn of an Age of En­ taken for granted I was not a profes­ The absence of Miss Kaplan's article lightenment in the international civil Types of Loans sional since I was a woman. at that time, in particular made us service," they ask? "If so," the column concludes, "Our Man in Washington -Unsecured Loans. Permanent and "I did get my loan and have since break out with all the symptoms of fixed term staff are eligible to apply encountered only pleasant people at prickly heat rash. And it was when we seems to be enjoying a monopoly in reason and common sense." for loans of up to $2,500 or th ree the Credit Union," the letter con­ inquired about the article that we heard months salary, whichever is lower. cluded. the story. Terms are up to 36 months for per­ Despite pooling manent employees; fixed term employ­ Garage space ees, for the remainder of term. A mem­ ber who has not yet been confirmed by hi s/her respective organization may demand high borrow up to $750 irrespective of his / her salary level. This restriction is of course immediately lifted when the It may be (have been?) the energy member becomes a permanent staff crisis, but if one looks closely, one can member. find that the crisis (p roblem?) has -Secured Loans. Members are eli­ changed the getting-to-work styles if gible to borrow up to 80 per cent of not the lifestyles of an increasing num­ the purchase price of a new car, ex­ ber of Bank staffers. cluding taxes and tags and insurance. From February 1 through mid­ The Credit Union also grants loans March , Administrative Services notes for the purchase of used cars, campers, that 27 staffers have written in to can­ trailers, motor homes and boats. cel their parking spaces. All but two If members wish to imp rove or re­ cancellations have been from outdoor, model their houses, the Credit Union commercial spaces, however. And will probably help through a FHA Title Coming out of retirement to be honored at a retirement party thrown in though not all the cancellations have Insurance Loan. his honor on March 29 was none other than Lou Pizza, printer and bowler been due to the energy crisis, more -Second Trust Loans are available extraordinaire. than a few have. now in amounts up to $10,000 repay­ Lou retired from the Bank on February 1 after 19 years and four months of Michael A. Raczynski (EMENA able within five years. If members are work in the Print Shop. Howler of the highest game record ever in the Bowling Projects), gave up his space, and comes contemplating applying for a second League (186, in 1959), Lou says that he is enjoying his retirement, though he to work by a car pool from Carderock trust loan, it is suggested that the Credit did admit that he is trying to get his doctor to let him bowl once again. Springs. "I find it more convenient," Union be checked first before making The Bank cafeteria could hardly hold his many friends who gathered for the he says, and adds that though gas lines 'outside commitments to be sure that party, and Lou, through Bank Notes, wishes to express his appreciation to all are shorter now than before, "I'm . it has funds available for this purpose. involved. In the photo above, Mary Johnston (left) is on the receiving end of staying with the car pool." his thanks, while Bridie Champion and Valerie Anderson look on in bemusement. Belinda E. Pineda (Controller's), Photo by Gaspare Giametta, of the Fund. Two Interest Rates gav~ up her space for the bus. " It was too much of a hassle waiting for gas," The Credit Union, at present, has she notes, and she, too, is sticking two levels of interest rates: share se­ formation and Public Affairs. Inquiries with her new mode of transportation. cured loans-7 per cent per annum, should be addressed to the Editor, and all other loans-9 per cent per "The bus is fine for me." Room E-836. Contributions from staff Some are sticking with their car annum. members are welcomed. Deadline for pools, but are not as enthusiastic. The credit limit extended to any letters and articles (in which brevity is Eduardo J. Ribas (IFC), gave up his member is equal to % of annual salary, the soul of publish ability) is the 13th parki ng space, and joined a car pool plus first or second trust and FHA Title of each month. The editor reserves the with another IFC staffer, two Bank I secu red loans. right, for reasons of space or clarity, to members, and a fifth from the lOB. There are other acceptable forms of edit all copy without notifying in ad­ "It's not bad," Mr. Ribas says, but secured loans: If any member has a -Bank Notes is published by and for vance the author. adds, "it has its drawbacks." He in­ fi nancial need the Credit Union can the staff of the World Bank Group ten Editor ___________ .________________ Peter Muncie tends to stick it out "for the time be­ probably help. Please come in and dis­ times yearly in the Department of In- Staff Photographer ________ Ed Huffman ing." cuss any needs for possible solution.