S&L; Should Have Paid Its Savers a Bonus, Too

I was away from Los Angeles for the past three years and only recently had my passbook updated by Columbia Savings & Loan. On Dec. 25, 1989, interest was posted; but a few days later my interest was reduced by 56 cents.

I asked a branch manager about the reason for the reduction. He replied that Columbia made a mistake by giving its depositors one extra day of interest.

On the very same day (May 8), The Times ran the story “Columbia S&L; Paid Officers $4 Million in Bonuses.”

Wouldn’t it have been a nice gesture on the part of Columbia to consider this extra day’s interest as a bonus to its loyal depositors, just as management did by paying out millions to a few executives?

WALTER STEIN

Los Angeles