Alabama Insurance

The Federal Deposit Insurance Corporation took control of 45 insolvent savings and loan associations assets of $ 13.6 billion today, to 118 the number of diseased organs, it has therefore seized in conformity with President Bush’s savings bailout plan.

The Federal Deposit Insurance Corporation took control of 45 insolvent savings and loan associations assets of $ 13.6 billion today, to 118 the number of diseased organs, it has therefore entered into conformity with President Bush’s plan savings bailout.

Twenty-and institutions were in Texas, nine in Colorado, Tennessee, four, three in Pennsylvania and New Mexico, two in Alabama and Georgia and Minnesota. The F.D.I.C. now underway savings and loans boxes in 24 countries.

The Agency has nearly 1000 listeners, including 750 from the FDIC, and 250 in the federal budget Home Loan Bank Board, the Federal Reserve Board and the Comptroller of the Currency, in these institutions try to limit losses. Normal Operations

Savings are also the normal operating conditions and deposits continue to be insured up to $ 100000 of the border, said the agency.

According to the Bush plan, which F.D.I.C. 100 sick or use savings institutions, and some in Congress questioned whether the Agency of the workforce, and the supervision of the banking sector.

”I am deeply concerned about the ability of the FDIC to handle its current workload and the burden affected by the Bush plan,”Representative Frank Annunzio, a Democrat from Illinois, is the president of the institution Banking subcommittee of the Committee on Financial Institutions, said Wednesday.

The F.D.I.C. , S’établit increasingly dominant that the regulatory authorities. In addition to ensuring the nation’s banks for business, it is also the Federal Savings and Loan Insurance Corporation, the insurance savings deposits and loans boxes. And it is the presidency upon liquidation or sale of more than 500 insolvent savings and loans funds.

In the current actions, the Bank board, for conservatorships insolvent institutions and the name of the agent to manage the FDIC. Confidence in the F.D.I.C. Although the financial community in general, has much more confidence in the FDIC as a Board of Directors of the Bank, including FDIC officials say they can not support a limited number of measures, if they have a diseased organ .

The main constraint is that the F.D.I.C. bar is not the liquidation or sale of these institutions in Congress, the Bush administration bailout package, it causes an estimated cost of $ 156 billion to industry and the Treasury over 10 years.

The ongoing negotiations have been arrested by the FDIC up to acts of Congress. He has a lot of pressure on some members of Congress moving too quickly. The appropriations for banks

In other developments, Danny M. Wall, chairman of the board of directors of the bank board, said his agency preferred, banks, including Housing Finance access to long-term average rate of the Confederation Home Loan Bank.

He told the subcommittee would be taking charge of access to these banks and funds for the rental of banks to join the system, if 60 percent or more of their mortgages to house.

The idea is important that the economies of the industry, as banks allow the Home Loan Bank system could reduce the risk that the government could decide to end the system billions of dollars in cash compensation necessary economies of institutions.

Mr fire said, the Agency is increasingly possible fraud or mismanagement, it treats as institutions estimates for the year 1988.

”In virtually all cases, the Boards of Directors of institutions have not been resolved to have found acted with caution,”he said.

But he said that violations of evaluations found limits for loans to one borrower in 34 percent of all cases, cases of abuse in insider trading and another 34 per cent and other forms of fraud by 27 percent.