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STANDARD FEDERAL BANK REPORTS MONTHLY FINANCIAL HIGHLIGHTS

 STANDARD FEDERAL BANK REPORTS MONTHLY FINANCIAL HIGHLIGHTS
 TROY, Mich., March 18 /PRNewswire/ -- Standard Federal Bank (NYSE: SFB) reported the following selected financial data on its operations for the month ended Feb. 29, 1992:
 STANDARD FEDERAL BANK
 At
 2/29/92 12/31/91 2/28/91
 Selected Asset and (Dollars in Thousands)
 Liability Data:
 Total assets $9,416,508 $9,513,922 $9,434,542
 Investment securities 849,906 939,328 1,233,182
 Mortgage-backed
 securities 3,840,621 3,918,852 4,002,743
 Loans receivable 4,118,677 4,043,578 3,633,135
 Deposits 6,169,219 6,188,550 5,829,248
 Borrowings 2,238,009 2,474,762 2,840,202
 Weighted avg. rate on
 deposit portfolio(1) 5.17 pct 5.55 pct 6.72 pct
 One-year repricing gap
 as a percentage of
 total assets(2) -3.00 pct -1.97 pct 1.35 pct
 (1) The rates presented represent the actual weighted average contractual rates paid to the bank's deposit customers, and exclude the impact of purchase accounting adjustments and interest rate exchange agreements. The contractual rate paid on the bank's passbook savings accounts was lowered 50 basis points to 3.50 percent, effective March 1, 1992. This decrease had the effect of reducing the Feb. 29, 1992, weighted average portfolio rate by 6 basis points to 5.11 percent.
 (2) The percentage reported as of Feb. 29, 1992, is a reasonable estimate of the bank's actual position and may be subject to further revision.
 For the For the
 Month Ended Two Months Ended
 2/29/92 2/28/91 2/29/92 2/28/91
 (Dollars in Thousands)
 Deposit Activity:
 Net increase (decrease) $23,578 ($21,126) ($19,331) ($69,116)
 Net increase (decrease) as
 a percent of beginning
 deposits (pct) 0.38 -0.36 -0.31 -1.17
 Interest credited,
 included above $11,703 $18,914 $22,580 $38,116
 For the For the
 Month Ended Two Months Ended
 2/29/92 2/28/91 2/29/92 2/28/91
 (Dollars in Thousands)
 Mortgage Loan Activity:
 Dollar volume of closings $286,296 $97,565 $485,353 $161,923
 30-year fixed-rate loans
 closed as a percentage
 of total loans closed (pct) 34.50 58.20 36.30 42.20
 15-year fixed-rate loans
 closed as a percentage of
 total loans closed (pct) 47.90 26.00 47.80 42.80
 Balloon loans closed as a
 percentage of total loans
 closed (pct) 9.10 0.70 8.30 0.70
 Adjustable-rate loans closed
 as a percentage of total
 loans closed (pct) 8.50 15.10 7.60 14.30
 Average yield on 30-year
 fixed-rate loans closed (pct) 8.87 9.67 8.84 9.77
 Average yield on 15-year
 fixed-rate loans closed (pct) 8.58 9.46 8.56 9.70
 Average yield on balloon
 loans closed (pct) 8.66 9.96 8.66 10.45
 Average yield on adjustable-
 rate loans closed (pct) 7.25 8.88 7.25 9.06
 Repaid, net $150,205 $39,748 $216,970 $69,310
 Securitized and sold $83,968 --- $177,753 ---
 For the For the
 Month Ended Two Months Ended
 2/29/92 2/28/91 2/29/92 2/28/91
 Weighted Average Interest
 Rates:
 Yield on earning assets (pct) 8.73 9.50 8.74 9.54
 Cost of interest-bearing
 liabilities (pct) 6.29 7.61 6.31 7.66
 Interest rate spread (pct) 2.44 1.89 2.43 1.88
 Net interest margin on
 average earning assets (pct) 2.60 2.04 2.56 2.02
 The information presented herein reflects current operating statistics but does not necessarily constitute all factors affecting the quarterly or annual financial results of Standard Federal. This interim financial information is unaudited and may be adjusted in subsequent financial statements provided by the bank on a quarterly basis. Standard Federal makes no commitment to revise this information for changes in circumstances or events which may occur subsequent to the date of this release.
 -0- 3/18/92
 /CONTACT: Joseph Krul of Standard Federal Bank, 313-643-9600, or in Michigan, 1-800-482-3930, or in Indiana, 1-800-874-3716/
 (SFB) CO: Standard Federal Bank ST: Michigan IN: FIN SU:


JG-ML -- DE015 -- 9230 03/18/92 12:12 EST
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Date:Mar 18, 1992
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