On this day

January 14, 1960

Revisit the news, notable people, and historical moments connected to this date.

Historical Context for January 14, 1960

In 1960, the world population was approximately 3,015,470,894 people[†]

Historical Events

Reserve Bank of Australia

1960The Reserve Bank of Australia, the country's central bank and banknote issuing authority authorized by the 1959 Reserve Bank Act, is established.[†]

The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank.

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Headlines from January 14, 1960

UNGAR IS NAMED; Conspiracy, Charter Violations Laid to Borough Leader YIELDS CITY POST UNTIL HIS TRIAL Deputy Will Run Borough -- Ungar Named Co-Plotter but Not a Defendant

By Jack Roth

Jack indicted for conspiracy to obstruct justice and for 3 violations of City Charter; arrested; illus; pleads not guilty; paroled; sure of vindication; relinquishes post pending outcome of trial; Ungar named co-conspirator but not co-defendant since he claimed immunity in testifying before grand jury; Dist Atty Hogan says Jack concealed facts from jury and lied to him about paying $4,400 to F Bechtel, contractor on apt job; details alleged conspiracy; Charter violation charges summarized; other details

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U.S. AND CANADA JOIN WITH EUROPE IN A TRADE PLAN; 13 Nations Agree in Paris on Steps to Revise West's Economic Cooperation AID COMMITTEE SET UP O.E.E.C.Members to Seek End of Split of Common Market and Outer Seven U.S. AND CANADA JOIN TRADE PLAN

By Henry Ginigerspecial To the New York Times

13-nation (Special Econ) com agrees on modified Dillon plan; com of 'wise men' (N Amer, Euromkt, Eur Free Trade Assn reprs) to rept on possibilities for new orgn in Apr; modification rather than abolition of OEEC seen

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