BANKING

Valley Fed Up for Auction: The troubled Valley Federal Savings & Loan Assn. said the federal Office of Thrift Supervision has begun efforts to find a buyer for the troubled Van Nuys thrift. The government action, called an accelerated resolution program, is one step short of seizing the S&L;, which has been operating below government-required capital levels since late 1989. Current management will stay on and deposits will not be affected while the government looks for a buyer. As of Sept. 30, Valley Federal had assets of $2.3 billion.