In addition, the Government would take control of 350 troubled savings associations.

The state's 278 savings associations lost a total of $6.9 billion last year.

In five days, the board sold 34 savings associations with assets of more than $60 billion.

The inquiry is standard practice for every failed bank and savings association.

The savings association collapsed three years later at a cost to taxpayers of more than $60 million.

Most of the largest bankrupt savings associations have already been taken over.

In 1989, the savings association failed at a cost to taxpayers of more than $60 million.

He said the agency had no immediate plans to close any other savings associations in Texas.

At every state bank and savings association across the land, people wait in lines from morning until evening to put their cash into accounts.

The agreement was the most costly rescue of a single savings association.