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873 U.S. THRIFTS RECEIVE BAUER'S 5-STAR AWARD

 873 U.S. THRIFTS RECEIVE BAUER'S 5-STAR AWARD
 CORAL GABLES, April 30 /PRNewswire/ -- Bauer Financial Reports,


Inc., a financial research and rating firm, is pleased to announce that based on the analysis of financial data on all U.S. savings associations for the period ended Dec. 31, 1991, 873 savings associations, out of a total of 2,206 savings associations reporting nationwide, representing 39.66 percent, received its highest five-star rating.
 To qualify for Bauer's five-star rating, the highest on a scale from 0-stars to 5-stars, a savings association's tangible capital must be greater than 6.0 percent of tangible assets, its risk-based capital ratio must exceed 9.25 percent, delinquencies and repossessed assets must be manageable, the savings association must be soundly invested and must have earned a profit for the quarter ended Dec. 31, 1991. For comparison purposes, the capital levels exceed twice those required by federal regulators.
 Paul A. Bauer, president of the research firm, said, "We strongly recommend this group of thrifts to current and prospective customers. They are the very best -- well capitalized, adequately reserved and conservatively run savings associations. They comprise the backbone of the financial services industry -- community oriented institutions that concentrate on traditional housing and consumer needs."
 Bauer Financial Reports, Inc. analyazes and compiles data on all U.S. banks, thrifts and federally insured credit unions. For a free brochure send a self-addressed, stamped (29 cents) business sized envelope to: Brochure, Bauer Financial Reports, P.O. Drawer 5510, Coral Gables, FL 33114-5510.
 Members of the press may receive specifics on local institutions receiving this award, without charge, by calling Brienne Jorgensen at 800-388-6686.
 -0- 4/30/92
 /CONTACT: Brienne Jorgensen of Bauer Financial Reports, 800-388-6686/ CO: Bauer Financial Reports ST: Florida IN: PUB SU:


AW-JB -- FLFNS1 -- 4706 04/30/92 07:31 EDT
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Date:Apr 30, 1992
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