An October hurricane that stalled off the Gulf Coast produced more rain and caused water to rise as much as five feet at the intersection of First Street and North Hancock Avenue. The National Weather Service reported 32.13 inches of rain during 1986, surpassing a 1941 mark of 30.33 inches. A victim of the economic downturn, Permian Bank was declared insolvent and closed its doors on July 18. It was a record year for bank closures, with 26 banks failing in Texas and 138 nationwide. He is replaced by Justice William Rehnquist.
Information is drawn from news accounts, archives and other historical records.
20th Century Countdown. The Odessa American's daily countdown of the last 100 years, from 1900 through 1999, with a short summary of some news and newsmakers affecting residents of Odessa. Copyright 1999 Odessa American. All rights reserved. Refer comments to Webmaster .