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Savings Deposits

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BUSINESS
February 4, 1985
Although $4 billion more was deposited than withdrawn in savings and loan associations, that represented a sharp decline in the growth of new deposits, the the Federal Home Loan Bank Board said. The December deposit growth compared to an increase of $7.3 billion in November. However, more interest payments were added to customers' accounts in December.
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BUSINESS
February 19, 2012 | Liz Weston, Money Talk
Dear Liz: When my cousin and I were children more than 20 years ago, my grandparents opened a college savings account for each of us. I have no idea what kind of account this was, or where it was located. My grandfather passed away a few years later. While I was in high school, my grandmother informed me the investments had not done well, and she was closing the accounts. I received a check for $500 at high school graduation that was supposed to be the balance of the account. I assumed my cousin received the same, until she recently posted on a social networking site she was thankful her grandmother started a college fund when she was young that covered the entire cost of her education.
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BUSINESS
April 12, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
Some of the nation's most troubled thrifts--including some already under regulatory control--continue to pay among the highest rates for savings deposits, despite government efforts to curb the practice. Industry experts contend that the higher rates often translate into higher costs for troubled thrifts, which could increase the tab for the taxpayer-financed federal bailout of the industry. In effect, taxpayers are subsidizing high rates to depositors at these ailing thrifts, experts say.
REAL ESTATE
June 29, 2008 | H. May Spitz, Special to The Times
Question: I'm planning to move into a new place next week, and the landlord is taking a hefty deposit. Any suggestions on getting it back when it's time to move out? Answer: Deposits are always a concern for renters, and the higher the rent, the higher the bar. So it's important to know what to do before, during and at the close of the tenancy to ensure your money will be returned. Before taking possession of your unit, complete a walk-through of the property -- preferably while the unit is still vacant.
BUSINESS
December 13, 1985 | Associated Press
The nation's basic money supply rose $5.3 billion in early December, the Federal Reserve Board reported Thursday. The latest increase in the money supply measure known as M1--which represents funds readily available for spending--left it far above the targets set by the Fed for non-inflationary economic growth. But analysts said the credit markets shrugged off the report. In fact, interest rates on bellwether 30-year Treasury bonds fell slightly following the 4:30 p.m. EST release of the report.
BUSINESS
September 22, 1990 | From Associated Press
Depositors withdrew a record $15.1 billion from the nation's savings and loans in April, the government said Friday in another confirmation of the rapid retrenchment gripping the industry. The net withdrawal, which was somewhat offset by $2.9 billion in interest credited to savers' accounts, reduced deposits at the 2,839 S&Ls to $916 billion, the Treasury Department's Office of Thrift Supervision said. The previous record of $13.4 billion was set three months earlier.
REAL ESTATE
October 28, 2001 | H. MAY SPITZ, SPECIAL TO THE TIMES
The phrase "condition as when first rented" is often a source of friction between landlord and tenant. How can you mitigate problems now, secure your deposit and avoid litigation later? By doing your homework starting from the day you take possession of the new place. Snapping a few photographs is good insurance for the future. So is compiling a checklist. If your landlord doesn't provide an inventory checklist before move-in, get a few sheets of lined paper and create one.
BUSINESS
October 9, 1990
Bank of A. Levy in Ventura said it bought the deposits of Midwest Savings Assn.'s two offices in Fillmore and Orange County for $725,000. The bank bought the $58 million of deposits from the Resolution Trust Corp., the federal agency that is liquidating insolvent savings and loan associations. Midwest Savings is based in Minneapolis. Bank of A. Levy, with $680 million in total assets, has 21 branch offices including one in Fillmore.
NEWS
September 2, 1987 | United Press International
America's savings and loans and savings banks took in $3.6 billion worth of new deposits in July, the biggest increase in over two years, the Federal Home Loan Bank Board said today. The increase marks only the second time in the last 11 months that more people put money into thrifts than took it out, the Bank Board said in its monthly report on thrift institution activity. In June, withdrawals beat deposits by $2.8 billion.
REAL ESTATE
July 25, 1999 | ROBERT GRISWOLD, SPECIAL TO THE TIMES
Question: I rent a unit at a small apartment complex. I paid an $800 security deposit, and my monthly rent is $600. I will be vacating my apartment soon and have become aware that the owner has a poor reputation for the handling of security deposits. There are unpaid court judgments from vendors and suppliers, plus unpaid judgments owed to tenants for bad-faith retention of security deposits. I am concerned that I will not get my security deposit. What can I do?
REAL ESTATE
October 28, 2001 | H. MAY SPITZ, SPECIAL TO THE TIMES
The phrase "condition as when first rented" is often a source of friction between landlord and tenant. How can you mitigate problems now, secure your deposit and avoid litigation later? By doing your homework starting from the day you take possession of the new place. Snapping a few photographs is good insurance for the future. So is compiling a checklist. If your landlord doesn't provide an inventory checklist before move-in, get a few sheets of lined paper and create one.
NEWS
August 15, 1999 | KATHY M. KRISTOF, TIMES STAFF WRITER
As much as $260 million in property held by the state of California is virtually impossible for the rightful owners to reclaim because their names have not been recorded, a Los Angeles Times investigation has found.
REAL ESTATE
July 25, 1999 | ROBERT GRISWOLD, SPECIAL TO THE TIMES
Question: I rent a unit at a small apartment complex. I paid an $800 security deposit, and my monthly rent is $600. I will be vacating my apartment soon and have become aware that the owner has a poor reputation for the handling of security deposits. There are unpaid court judgments from vendors and suppliers, plus unpaid judgments owed to tenants for bad-faith retention of security deposits. I am concerned that I will not get my security deposit. What can I do?
BUSINESS
March 29, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Delta Savings Bank, seized 28 months ago amid claims of blackmail and racist treatment by federal regulators, has been closed and its $3.5 million in deposits transferred to East-West Federal Bank. The tiny thrift's lone office in Westminster was shuttered Friday. Customers were able to resume banking Saturday at a nearby branch of East-West, a thrift based in San Marino. Besides assuming all of Delta's 1,100 deposit accounts, East-West bought $700,000 worth of assets, mainly cash, out of $15.
BUSINESS
December 8, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
In a transaction that will ultimately cost taxpayers $34.4 million, federal thrift regulators on Friday sold the deposits and some of the assets of failed Charter Savings Bank in Newport Beach to a Torrance bank. Pacific Heritage Bank, a two-branch bank serving mainly the Japanese community, paid a premium of $2.6 million to acquire deposits and some assets of Charter. It will also take over Charter's branches in Gardena and Little Tokyo in downtown Los Angeles.
BUSINESS
October 9, 1990
Bank of A. Levy in Ventura said it bought the deposits of Midwest Savings Assn.'s two offices in Fillmore and Orange County for $725,000. The bank bought the $58 million of deposits from the Resolution Trust Corp., the federal agency that is liquidating insolvent savings and loan associations. Midwest Savings is based in Minneapolis. Bank of A. Levy, with $680 million in total assets, has 21 branch offices including one in Fillmore.
REAL ESTATE
June 29, 2008 | H. May Spitz, Special to The Times
Question: I'm planning to move into a new place next week, and the landlord is taking a hefty deposit. Any suggestions on getting it back when it's time to move out? Answer: Deposits are always a concern for renters, and the higher the rent, the higher the bar. So it's important to know what to do before, during and at the close of the tenancy to ensure your money will be returned. Before taking possession of your unit, complete a walk-through of the property -- preferably while the unit is still vacant.
BUSINESS
March 29, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Delta Savings Bank, seized 28 months ago amid claims of blackmail and racist treatment by federal regulators, has been closed and its $3.5 million in deposits transferred to East-West Federal Bank. The tiny thrift's lone office in Westminster was shuttered Friday. Customers were able to resume banking Saturday at a nearby branch of East-West, a thrift based in San Marino. Besides assuming all of Delta's 1,100 deposit accounts, East-West bought $700,000 worth of assets, mainly cash, out of $15.
BUSINESS
September 22, 1990 | From Associated Press
Depositors withdrew a record $15.1 billion from the nation's savings and loans in April, the government said Friday in another confirmation of the rapid retrenchment gripping the industry. The net withdrawal, which was somewhat offset by $2.9 billion in interest credited to savers' accounts, reduced deposits at the 2,839 S&Ls to $916 billion, the Treasury Department's Office of Thrift Supervision said. The previous record of $13.4 billion was set three months earlier.
BUSINESS
April 12, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
Some of the nation's most troubled thrifts--including some already under regulatory control--continue to pay among the highest rates for savings deposits, despite government efforts to curb the practice. Industry experts contend that the higher rates often translate into higher costs for troubled thrifts, which could increase the tab for the taxpayer-financed federal bailout of the industry. In effect, taxpayers are subsidizing high rates to depositors at these ailing thrifts, experts say.
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