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States rely on private thrift insurance pools for deposits
In states from Massachusetts to Ohio, private state backed insurance corpora tions insure some thrifts while others rely on the Federal Savings and Loan Insurance Corp. Officials insist the private pools are sound and ample, even after recent thrift closings and runs. Pennsylvania and Georgia report small, stable networks with adequate reserves and credit lines from area banks.
MENTIONED IN THIS ARTICLE
New York
Ohio
Maryland
Massachusetts
North Carolina
Georgia
Pennsylvania
Kirk G. Willison
American Bankers Association
California
Nebraska
Fritz Elmendorf
The
Bankers Association
William J. Beatty
Pennsylvania Banking Department
Pennsylvania Savings Insurance Corp
Nic Groups
Beatty
Savings and
Georgia Credit Union Deposit Insurance Corp
E.D. Dunn
Dunn
Insurance Corporation