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FCA's deposits rose more than $2 billion.

January 18, 1985

Financial Corp. of America, parent company of American Savings & Loan Assn., said deposits in the fourth quarter rose to $20.3 billion from $18.2 billion last Sept. 30. About $1.1 billion of the new funds were raised internally, while the remainder came from professional money brokers. FCA also said it reduced outstanding borrowings by nearly $4.2 billion in the fourth quarter. The money was borrowed last summer from brokerage houses and the Federal Home Loan Bank in order to stem a large deposit outflow.

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