- •• •• • • . •' . s Wednesday August 28, 1985Trhe Battalion/Page 13 als ecurity iaintenance Colleges 6-3455 Radioactive material spills truck hits train; one dies Associated Press IOWDON, N.D. — A truc k haul- gdrums of uranium oxide collided ill! a freight train Tuesday, killing driver of the truck and spilling low-level radioactive material, iitfliorities said. H crewman aboard the Burling- oi] Northern train was exposed to l —■■^^^it^lieniical hut was not hospitalized. )N CHROfiif 1° evacual ‘ ons "ere ordered in .. , , he 1:45 p.m. accident, but authori- Jmp r a n-c" e -.. : 'e|sealecl off the area located about 'orking early" miles east °i nowdon and 70 papers. S4. ,ill> rojniitd. dimumirai . « ■aamento near Marysville. ““llhe KC-135 was equipped to Jfuel other aircraft in lliglu, Sa-ton said. ■A board of officers will investi gate the crash, the Air Force said. Bank must pay fines totalling $2.25 million Associated Press WASHINGTON — The govern ment announced Tuesday it had im posed a record $2.25 million in pe nalties against Crocker National Bank ol San Francisco for failing to report almost $4 billion in cash transactions as required by law. Treasury Department officials said the bank, the country’s 11th largest, had committed 7,877 report ing violations from 1980 through 1984. Officials said the violations were uncovered during a routine audit of the bank last October and that the bank’s new management had coop erated with the investigation. Under the Bank Secrecy Act, banks are required by law to report all cash transactions above $10,000. The law is designed to give federal law enf orcement officials a tool to in vestigate cases involving drug deals, corruption and organized crime. 1 he Oocker case marked the sixth time this year that the govern ment has penalized banks for failure to report. The Bank of Boston on Feb 7 pleaded guilty to a felony charge of failing to report $1.22 bil lion in cash transactions with nine foreign banks and agreed to pay a $500,000 fine. In June, the Treasury Depart ment announced smaller civil penal ties against four New York City banks for reporting violations. Assistant T reasury Secretary John M. Walker Jr. said the civil penalty imposed on Crocker was larger be cause “the extremely serious nature of Crocker’s violations warranted a substantially more severe penalty than in prior cases.” Walker said a full investigation would be undertaken by the Internal Revenue Service to see if criminal charges should be filed against the bank or any individual employees. Harold P. Reichwald, Cracker’s general counsel, said the bank had agreed to the settlement even though outside counsel had “strongly advised us that we would win a case against the government in court.” Walker said the bank could have faced maximum penalties of $1,000 for each violation for a total of $7.88 million. He said the amount not reported totaled $3.88 billion and that $3.43 billion of that sum had come from six banks in Hong Kong. This money was delivered by couriers from the Hong Kong banks to Crocker’s main San Francisco branch where it was deposited and the accounts of the Fiong Kong banks were credited. Walker said it was highly likely that the money being deposited came from drug transactions. Give your student living quarters a touch of class with fashion furni ture from Aaron Rents. You can furnish your place in style at rates that are guaranteed to be the lowest in town. 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