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The Federal Home Loan Bank Board approved...

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The Federal Home Loan Bank Board approved the acquisition of Lynnwood Savings & Loan Assn., Lynnwood, Wash., by a wholly owned subsidiary of Golden West Financial Corp., Oakland, with federal assistance of an estimated $6.1 million. All deposits were transferred to the new association, World Savings and Loan Assn., which will operate out of the former Lynnwood offices.

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