U.S. savings fears
NZPA-AP Washington The American savings industry, dragged down by continuing big losses in Texas, is headed for its worst year since the Great Depression, according to a U.S. Government report. The Federal . Home Loan Bank Board said that the nation’s thrift institutions lost SUS7.S bil-
lion ($11.7B) in the first six months of 1988, almost as much as the SUS7.BB ($12.28) loss for all of last year, a post-Depression record. “The losses for the year are clearly going to exceed the record losses of last year,” said Mr Martin Regalia, an economist with the National Council of Savings Institutions, a trade group.
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Press, 26 September 1988, Page 10
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105U.S. savings fears Press, 26 September 1988, Page 10
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