NBC Evening News for Wednesday, Aug 01, 1990
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.
(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.]