The Federal Savings and Loan Insurance Corp....

The Federal Savings and Loan Insurance Corp. distributed in June nearly $1 billion in proceeds from the liquidation of assets of failed thrifts, with the lion’s share of the cash going to the agency’s own insurance fund. Regulators said the record-high distribution was apportioned among creditors of 29 failed savings and loans across the country, with FSLIC receiving the largest amount--about $965 million--since it holds the largest claim.