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Deposits at federally insured savings institutions grew...

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Deposits at federally insured savings institutions grew in February for the fifth consecutive month, continuing a trend begun after the October stock market crash, the government said. The Federal Home Loan Bank Board, which regulates 3,126 savings institutions, said net deposits increased by $5.2 billion, compared to a $5.4-billion increase in January and a $1.1-billion net withdrawal in February, 1987. Meanwhile, in a separate report, the bank board said interest rates for 30-year, fixed-rate mortgages fell from 10.48% in early February to 10.34% in early March, the lowest since last April. Rates on the most popular type of one-year adjustable mortgages, those with caps on how much the rate can change, fell less sharply, from 8.72% to 8.65%.

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