California’s S&Ls; posted record profits.

The state’s associations earned nearly $376 million in the third quarter, the best three-month period in industry history, according to the California League of Savings Institutions. The previous record was $317 million, which was set in the second quarter of 1983. If the earnings continue through the end of the year, annual profits could surpass the $1-billion mark for the first time, the league said. California has about 210 savings and loans.