NBC Evening News for Wednesday, Aug 01, 1990
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(Studio: Tom Brokaw) June leading economic indicators, manufacturing, and construction figures cited. Report introduced.
(New York: Mike Jensen) Nation's commercial banks reported writing off loans, many owed by real estate developers; reasons for bank trouble detailed. Bank of New England, Donald Trump and Chase Manhattan Bank mentioned. [FDIC (Federal Deposit Insurance Corporation) chairman L. William SEIDMAN - says savings and loan crisis has effected real estate market.] Question of commercial bank crisis similar to that of S&L's examined; FDIC (Federal Deposit Insurance Corporation) noted forcing banks to increase reserves. [Home builder David BACH - comments on losing loan commitments.]
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