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Deposits flowed out of the nation’s savings...

Deposits flowed out of the nation’s savings institutions for the third consecutive month in July, the Federal Home Loan Bank Board said. Net withdrawals from the 3,088 savings institutions were $123 million in July after hitting a revised $3.3 billion in June, up from a previous estimate of $2.9 billion. In May, S&L; customers withdrew $1.1 billion. But, before that deposits grew for seven consecutive months as investors battered by the October stock market crash sought a safe haven for their money in government-insured accounts.


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