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Chicago Fed Letter, No. 40, December 1990
The Incredible Shrinking S&R Industry

The savings and loan debacle has important repercussions for many parties. Among these is the savings and loan association (S&L) industry itself, which is shrinking rapidly as a major financial player. For most of the post-World II period, savings and loans were the great success story among financial institutions in the U.S. The assests of the industry grew rapidly, not only in absolute dollar terms, but also relative to most other major types of financial institutions.

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