Help for US banks passes the Senate

Legislation designed to aid financially troubled US savings institutions passed the Senate Thursday, Monitor writer Thomas Watterson reports.

The bill, approved by a joint House-Senate conference committee earlier this week, is expected to be approved in the House before the current session ends this weekend, and then signed by President Reagan.

Passage of the bill ends a two-year fight by the savings industry for government help to relieve the pressures of high interest rates and low-earning home mortgages and other consumer loans.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK