Savings and loan associations lost capital at...

Savings and loan associations lost capital at a slower rate in the second quarter, reflecting efforts of federal regulators to close or bail out insolvent institutions, the Federal Home Loan Bank Board said. The industry’s capital--the difference between an institution’s loans and other assets and what it owes to depositors and other creditors--declined by $1.72 billion in the April-June period, compared to a drop of $3.51 billion in the first quarter. The FHLBB also said S&L; withdrawals rose for the second consecutive month, to $2.9 billion in June from $1 billion in May.