D.C. Area S&Ls Again Hit By Soaring Interest Rates
M aHiinglmi area savings and loan associations are lerling the pinch oi rising f mterc'l talcs for the -ccoiid ' 11 me in lo's t lian a y car a</br></br>J yielding Treasury lulls and large-size ftÛ÷ft i I ionics of de IHijjit ollcred In inator money ntarkel hanks while</br></br>Burkes told a '.'mpi'Mitm '''here yesterday that on 'I tics-day the federal home loan hanksÛª ai'aMe lUttds p-li below Û¢Û÷'1 billion ;i level he * lid "doi a Û¢ åÇi:i( Û¢a'll ns 'Û¢ÐÊÐÊi f n mi a ui inalids toi an to meet demand for ID more heavy days of savings out-Hows. Member S&Ls bur-row from regional home loan banks in tight money periods like the present.</br></br>However, a huge $2 billion offering of securities on Friday will replenish the systemÛªs coffers and provide funds for lending to member SikEs over the next three months. Mnounts and maturities of the I1HLBI1 issues will be set this afternoon.</br></br>National Permanent Savin.'' and Loon Association, i It*Ûª Did riel's second Utf-'esl f.'vL had a S(> million net ÐÊaving- .nit flow in April with the rale continuin', so lar in May. secretary and v ice president Edgar !Û¢' Iv lersoii said.