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The FDIC publicized users of brokered deposits.

March 15, 1985

Federal Deposit Insurance Corp. Chairman William M. Isaac said this week that he hoped to make users of the packaged deposits "uncomfortable" by publicizing them. He cited Bank of America and Crocker National Bank, both of San Francisco, as among the institutions that had brokered funds on deposit at two banks that failed Feb. 8--West Valley Bank of Woodland Hills and Peoples Trust & Bank of Wartburg, Tenn. Spokesmen for B of A and Crocker objected to their inclusion on Isaac's list, saying the funds were in trusts and the banks had no say in where they were invested.

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