Savings and Loans: Maryland's Jittery Depositors

Maryland's Jittery Depositors

One thing smaller financial institutions can do as effectively as the larger ones is create a frightening mess. Community Savings & Loan (assets: $443 million) of Bethesda, Md., demonstrated as much last week by getting into such a pinch for cash that it prompted Governor Harry Hughes to declare a 20- day ban on withdrawals from the thrift's 30,000 accounts. Community's , customers, who were still jittery after a statewide S and L crisis in May, had staged a run on their deposits after hearing about shakiness at the thrift's real estate subsidiary, Equity Programs Investment Corp.

The financial industry was...

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