Federal regulators plan to meet later this...
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Federal regulators plan to meet later this year with potential buyers of 17 financially troubled California savings and loans with total assets of about $7.2 billion, a federal official says. The thrifts have been taken over by federal officials since 1985 and placed in the management consignment program for sale, according to the Federal Home Loan Bank of San Francisco. Six to eight of the 17 institutions are likely to be sold this year, FHLBB said. The officials also will outline the kinds of deals the Federal Savings and Loan Insurance Corp. is willing to consider.
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