Amadeusz Juskowiak

Two sl failures raise us 1987 toll to 10

The Federal Home Loan Bank Board FHLBB announced savings and loan association failures in Kansas and Colorado raising the US 1987 total to 10

The FHLBB said it closed the First Federal Savings and Loan Association of Beloit Kansas and transferred its desposits and some other assets to Home Savings Association It said First Federal with 829 mln dlrs in assets was closed because he was insolvent

The FHLBB said that due to insolvency it put Key S and L of Englewood Colo into receivorship and replaced it with a new Key Savings and Loan Association with new management

Reuter