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(Studio: Peter Jennings) Statement from federal regulators to customers of Bank of New England that their money is safe reported.
(Washington: Stephen Aug) Government takeover of the Bank of New England examined; scenes shown. [FDIC (Federal Deposit Insurance Corporation) chairman L. William SEIDMAN - comments.] Cost of FDIC (Federal Deposit Insurance Corporation) rescue operation outlined. [Representative Charles SCHUMER - says this bank is so important to New England's economy.] Cost of rebuilding the FDIC (Federal Deposit Insurance Corporation) fund cited.
- Aug, Stephen;
- Jennings, Peter
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