Magazine article American Banker

Poll Reveals Thrift Pessimism, Fear of Big Failure

Magazine article American Banker

Poll Reveals Thrift Pessimism, Fear of Big Failure

Article excerpt

WASHINGTON -- Banks and thrifts in 1986 could be in for rough times on the balance sheet and in Washington, according to a poll of 100 government official and financial industry lobbyists released here Thursday.

Results of the December survey, conducted by the polling firm of Hamilton & Staff on behalf of two Washington bank consulting groups, reveal fears about a major bank failure in 1986 and the likelihood of substantial assistance being required by thrifts. Concerns about the safety and soundness of the financial industry, in turn, could damage chances for expanded powers for banks and thrifts, according to the survey.

The study was sponsored by two consulting firms, Financial Institutions Forecast and the Institute for Strategy Development.

Though only 100 individuals were polled, the pollsters stressed that the results are significant because the respondents are among the most knowledgeable and most influential in the financial services area. Also, they said that because respondents were promised anonymity, their answers can be considered candid.

Of the 100 polled, 36 were congressmen, congressional staff members, or federal regulators. The remaining 64 were lobbyists, lawyers, bankers, and others in the financial services industry in Washington and other cities.

A 180-page analysis of the survey is scheduled to be released Monday. Among the findings revealed Thursday:

* A major domestic bank failure is considered likely to occur this year by 48 of the 100 surveyed. …

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