BANKING & FINANCE - March 25, 1992

Panel OKs More Bailout Funds: The Senate Banking Committee adopted legislation that would provide an additional $25 billion for savings and loan bailouts and would, for the first time, make public examiners’ reports on failed financial institutions. The bill, sent to the full Senate on a voice vote, would bring the total taxpayer cost of the bailout program to $130 billion. That’s still short of the $160 billion the Bush Administration says it needs but would be enough to carry the program until April 1, 1993, well past the election.