FEDERAL RESERVE RAISES A KEY RATE TO 6%, FROM 5 1/2%
LEAD: The Federal Reserve Board, fearing an increase in inflation, today raised the rate that it charges on loans to financial institutions to 6 percent, from 5 1/2 percent.
On this day
Revisit the music, news, notable people, and historical moments connected to this date.
In 1987, the world population was approximately 5,049,746,397 people[†]
Music on My Birthday
The Top 50 albums for the chart week of September 2, 1987, covering September 5, 1987.
Whitney Houston
Whitesnake
Soundtrack
Def Leppard
Heart
LL Cool J
Grateful Dead
Soundtrack-Madonna
U2
Soundtrack
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LEAD: The Federal Reserve Board, fearing an increase in inflation, today raised the rate that it charges on loans to financial institutions to 6 percent, from 5 1/2 percent.
LEAD: Taiwan-China Visits Taiwan, which for 37 years has banned contact with mainland China, seems about to let some citizens visit mainland ancestral towns. Page 3. New Afghan Talks Sought Afghanistan has requested a special Geneva session at which it is expected to offer a new withdrawal plan for 120,000 Soviet troops.
LEAD: The Security Council agreed today to send Secretary General Javier Perez de Cuellar to Iran and Iraq as soon as possible to try to persuade the two nations to end their war.
LEAD: In a show of ''impressive, surprising strength,'' New York City's unemployment rate fell sharply last month to 5.1 percent, the lowest level since 1973, the United States Department of Labor said yesterday.
LEAD: The Soviet Supreme Court convicted Mathias Rust today and sentenced him to a four-year term in a labor camp for flying his single-engine plane across the Soviet border to the edge of Red Square.
LEAD: Even the seamen caught up in the nocturnal ''tanker war'' have trouble finding it out there beyond the serene horizon.
LEAD: After two decades of debate over who should judge the actions of New York City police officers, Mayor Koch and Police Commissioner Benjamin Ward yesterday named 11 of 12 members of a new panel that will investigate complaints of police misconduct.
LEAD: On a warm, sunny day, the man wore a black wool overcoat and muttered to himself as he paced in circles in Battery Park.
LEAD: ''I was prepared for it.'' - Mathias Rust, sentenced to four years in labor camp.
LEAD: Afghanistan has asked for a special negotiating session in Geneva on Monday at which it is expected to offer a new proposal for a shorter timetable for the withdrawal of the estimated 120,000 Soviet troops in that country.
LEAD: INTERNATIONAL/2-5 Mathias Rust was convicted in Moscow by the Soviet Supreme Court and sentenced to a four-year term in a labor camp for flying his single-engine plane across the Soviet border to the edge of Red Square. Page 1
LEAD: The deposed President of Burundi, Col. Jean-Baptiste Bagaza, left Nairobi for Paris today after Rwanda said it would not accept him and Kenya apparently would not let him enter.