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BRIEFLY

California's S&Ls posted record profits.

December 12, 1985

The state's associations earned nearly $376 million in the third quarter, the best three-month period in industry history, according to the California League of Savings Institutions. The previous record was $317 million, which was set in the second quarter of 1983. If the earnings continue through the end of the year, annual profits could surpass the $1-billion mark for the first time, the league said. California has about 210 savings and loans.

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