The FHLBB released a report on S&L; activity.

Withdrawals exceeded deposits at savings and loans by $5.72 billion in April, up from $5.5 billion in net withdrawals in March, the Federal Home Loan Bank Board said. The month-to-month deterioration was mild for a tax month, the board said, but the amount withdrawn was 56% larger than April, 1986. The bank board, which regulates the S&L; industry, said withdrawals by jumbo certificates of deposit, those for $100,000 or more, accounted for the increase. Redemption of jumbo CDs increased to $1.5 billion in April from $300 million in March.