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Thrift Assets Decline Again: Thrift assets dropped for the third consecutive month in August, partly from efforts to meet new capital-to-asset ratios set by the savings and loan bailout
bill, the Office of Thrift Supervision said. Thrifts reduced their assets by $10.1 billion in August. The decline did not include assets of thrifts placed into conservatorship. Deposit
outflows from the nation’s savings institutions shot up in August. Net withdrawals, which do not include interest credited to savers’ accounts, totaled $5.1 billion, compared to an inflow of
$54 million in new deposits in July.
