The Nation - News from Nov. 7, 1986
Federal regulators closed four more banks, bringing this year’s failures to a post-Depression high of 123, officials said. Federal Deposit Insurance Corp. officials said the number of failures is likely to reach 150 before the end of the year and is unlikely to subside much next year because little improvement is expected in the nation’s farm and energy-producing regions. Regulators also fear mounting problems in real estate lending will aggravate the situation.
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