The total assets of California’s S&Ls; grew 30%.
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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. At the end of 1983, the industry’s assets stood at $193.6 billion. Net new savings were $28.5 billion in 1984, down slightly from the $29.2 billion received in 1983. Deposits held at the end of 1984 totaled $190 billion, up 28% from the end of 1983. The industry closed $54 billion in mortgage loans last year, compared to $42.6 billion in 1983. As 1984 ended, California savings institutions held nearly $161 billion in mortgage loans outstanding.
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