Magazine content is available exclusively for TIME subscribers.Savings & Loan: Growing Pains
SAVINGS & LOAN
Booming along with the demand for home mortgages, the nations' savings and 'loan associations have grown phenomenally. In the past 25 years, their assets have risen nearly 20 times over, to $107 billion. Today they hold more than one-fifth of the nation's personal savings, finance nearly half of its homes. But signs are cropping up that the long-green years are over. Last week, at the annual meeting of the American Savings and Loan Institute in Washington, S. & L. leaders weighed some disturbing statistics. Compared with last year, the net inflow of savings into federally insured S. & L.s...
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