An S&L; group took a stand on interstate banking.
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The California League of Savings Institutions said it will oppose efforts to establish national reciprocal interstate banking in California. Instead, the trade group will support legislation pending in Sacramento to authorize interstate banking involving the institutions in nine Western sates. Gerald D. Barrone, chairman of the league, which represents 219 savings and loans and savings banks, said the league has long preferred the regional approach to interstate banking should interstate banking be permitted in California.
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