The monthly index for July fell to 8.196%, off from 8.374% in June, the Federal Home Loan Bank of San Francisco said.
The biggest savings and loan associations based in the San Fernando Valley area displayed mixed performances during the third quarter, while the top banks reported results that surpassed last year's but still were unspectacular.
Marvin Warner, the owner of a Cincinnati savings and loan firm that collapsed in 1985, sparking a statewide financial crisis in Ohio, was acquitted Friday of all federal criminal charges stemming from the thrift's failure.
Download the Jet Food Stores app to get exclusive coupons like these! Copyright © 2016 -Jet Food Stores Inc. - All rights reserved.
Most of the state's privately insured savings and loans opened for the first time Saturday after more than a week of state-imposed closure and found business heavier than normal.
The increase pushed the California savings and loan industry's assets to $252 billion as of Dec. 31, according to the California League of Savings Institutions.
Gov. Richard F.
Five of 69 state-chartered savings and loans still under a closure order by the state were open for business Thursday and, although lines formed at some branches, officials reported no shortages of cash.
According to the Federal Home Loan Bank of San Francisco, assets of savings and loans in California, Nevada and Arizona grew at an annualized rate of only 2.6% in the first quarter of 1985.
The nation's savings & loan associations and savings banks held $614 billion of the $1.1 trillion in residential mortgage loans outstanding at all private lenders at the end of 1984, according to the 1985 Savings Institutions Sourcebook.
Nearly one in every five U.
Its funds continuing to dwindle at a sharp rate, the Federal Savings and Loan Insurance Corp. may run out of the money it needs to close or sell off troubled savings and loan firms by early next year, the nation's chief S&L; regulator said in an interview Tuesday.
The nation's federally insured savings and loan institutions issued a record $21.8 billion in mortgages in May, 23.6% higher than the same month a year ago, the government said Friday.
At first glance, last year's rebound in the savings and loan industry seems to have passed by Orange County.
About 40 troubled savings and loans under the direct control of the U.S. government are paying extraordinarily high interest rates to lure new depositors--a practice the banking community and federal regulators have criticized as too risky.
Some leaders of the troubled savings and loan industry want a "taxpayer bailout" costing billions of dollars, the chairman of the Federal Home Loan Bank Board charged Thursday in a bitter exchange with the business he regulates.
Nearly a fourth of all federally insured savings and loan associations lost money last year, and their losses more than doubled from 1985 levels, the government reported Friday.
The California savings and loan industry, the nation's largest, is riddled with insider fraud that is reaching "epidemic proportions," according to testimony Saturday at a congressional subcommittee hearing in Los Angeles.
Chase Manhattan Corp.'