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

DATE: WEDNESDAY, April 18, 1990                   TAG: 9004180172
SECTION: BUSINESS                    PAGE: A5   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short

KEATING: REGULATORS MADE $100 MILLION ERROR

Regulators knew they made mathematical errors in calculating Lincoln Savings and Loan Association's financial health, but refused to acknowledge the mistakes, the thrift's former owner contended Tuesday.

After examining the Irvine, Calif., institution, regulators concluded it fell $114 million short of its minimum capital requirement as of Sept. 30, 1988. However, about $100 million of that shortfall figure is attributable to examiners' errors, Charles Keating said in his seventh day on the witness stand. Regulators seized Lincoln in April 1989.

- Associated Press

by CNB