Fewer S&L; Withdrawals: Net withdrawals from the...
Fewer S&L; Withdrawals: Net withdrawals from the nation’s savings and loans eased in May for the fourth consecutive month, the government said. Federal Home Loan Bank Board Chairman M. Danny Wall, speaking on the eve of the board’s formal release of May figures for the nation’s 2,934 S&Ls;, said there was only a “slight outflow” of deposits in May, compared to a $5.4-billion exodus in April. Including interest credited to accounts, deposits for the month rose slightly for the first time since December, Wall said.
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