Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, April 13, 1990                   TAG: 9004130212
SECTION: BUSINESS                    PAGE: B/6   EDITION: METRO 
SOURCE: Associated Press and Los Angeles Times
DATELINE: WASHINGTON                                LENGTH: Short

GOVERNMENT BORROWING $45.3 BILLION FOR S&LS

Savings and loan analysts immediately hailed the plans as an indication that the Bush administration is earnest about speeding up the program.

The Resolution Trust Corp. oversight board, a panel led by the Treasury Department which controls the policy and purse strings of the program, said it has authorized regulators to borrow up to $45.3 billion in the April-June quarter. It had authorized $11 billion in the January-March period.

The administration will raise the money by auctioning short-term Treasury bills or notes. The sum is to be repaid when the government sells the real estate and other assets owned by failed S&Ls.

Meanwhile, 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.