Last week, for example, it estimated the cost in 1989 of rescuing the nation's insolvent savings and loan institutions at $22.4 billion.

Nearly 600 insolvent savings and loan associations are being kept open until regulators get the money to shut them down.

The report noted that the bank board had identified more than 200 hopelessly insolvent savings units whose bailout cost would be about $17 billion.

Under the Bush plan, $50 billion in borrowings would be issued to shut down more than 500 insolvent savings associations.

As of the beginning of 1987, there were 520 insolvent savings and loan associations.

American Savings, with $30 billion of assets, was the nation's largest insolvent savings institution.

To shut down and sell off more than 500 insolvent savings and loan institutions will cost $50 billion.

And more housing will be added as the agency continues to take over insolvent savings and loans.

The bill would authorize regulators to spend $166 billion over 10 years to shut or sell more than 500 insolvent savings institutions.

Texas has one of the highest percentage of insolvent savings and loans in the country.