Thk Washington Post Tuesday, April 29, 1986 D3R.  
CHICAGO, April 28ÛÓThe chairman of Continental Illinois today urged a quick decision by the Federal Deposit Insurance Corp., which rescued the bank in 1984, on what to do with its ownership in the company.</br></br>Chairman John Swearingen said the FDIC and Continental Illinois are weighing methods to return the troubled firmÛªs ownership to the private sector.</br></br>In its $4.5 billion bailout of Continental Illinois, the FDIC obtained 200 million new shares in return for assuming many of the bankÛªs bad debts.</br></br>Continental Illinois, once the nationÛªs sixth-largest bank, had $2.3 billion in problem loans in 1984. They stemmed largely from loans picked up from the failed Penn Square National Bank of Oklahoma and loans to Latin American countries.</br></br>Û÷The FDIC has to make up its mind when and how Continental is returnedÛ to the private sector, he told a news conference after the annual meeting today.