BANKING/FINANCE
Compiled by James S. Granelli, Times staff writer
Federal regulators met a Sept. 30 deadline to dispose of $20 billion allocated by Congress for failed savings and loans by putting their last $8 billion in reserve for Pacific Savings Bank in Costa Mesa and four other large S&Ls.;
The reserve is the amount regulators expect will be needed to sell the insolvent S&Ls; by the end of next week, said Stephen J. Katsanos, spokesman for the Resolution Trust Corp., the agency created to handle failed thrifts.
The RTC has set aside $1 billion to help sell Pacific Savings to one of a number of suitors who will be submitting bids early next week. The other $7 billion is set aside for the sales of S&Ls; in Texas, Florida, Kansas and Pennsylvania. All five thrifts have assets of more than $1 billion.
