1
 The government sold the deposits of four savings-and-loan institutions, in its first wave of sales of big, sick thrifts,
5001
Contrast

2
 but low bids prevented the sale of a fifth.
5001
Contrast

3
 The four S&Ls were sold to large banks, 
5004
span

4
as was the case with most of the 28 previous transactions 
5002
span

5
initiated by the Resolution Trust Corp.
5003
span

6
 since it was created in the S&L bailout legislation two months ago.
5
elaboration-additional-e

7
 Two of the four big thrifts were sold to NCNB Corp., Charlotte, N.C., 
5005
span

8
which has aggressively expanded its markets, particularly in Texas and Florida.
7
elaboration-additional

9
 A Canadian bank bought another thrift, in the first RTC transaction with a foreign bank.
5006
List

10
 Under these deals, the RTC sells just the deposits and the healthy assets.
5011
span

11
 These clean-bank transactions leave the bulk of bad assets, mostly real estate, with the government, 
5008
span

12
to be sold later.
11
elaboration-additional-e

13
 In these four, for instance, the RTC is stuck with $4.51 billion in bad assets.
5008
elaboration-additional

14
 Acquirers paid premiums 
5009
span

15
ranging from 1.5% to 3.7% for the deposits and branch systems, roughly in line with what analysts were expecting.
14
elaboration-object-attribute-e

16
 The buyers will also be locked into deposit rates for just two weeks,
5012
span

17
 as has been the case with previous deals.
16
manner

18
 After that, the buyers may repudiate the rates 
5013
span

19
paid by the former thrifts.
18
elaboration-object-attribute-e

20
 But it's uncertain whether these institutions will take those steps.
5016
span

21
 NCNB, for example, has been one of the highest rate payers in the Texas market, 
5014
List

22
and in Florida, rates are especially sensitive in retirement communities.
5014
List

23
 The RTC had previously targeted five thrifts for quick sales 
5021
span

24
in order to spend cash by certain budgetary deadlines,
23
purpose

25
 but the delays illustrate the tough chore 
5022
span

26
facing the agency.
25
elaboration-object-attribute-e

27
 These thrifts are beached whales, 
5025
span

28
said Bert Ely, an industry consultant 
5024
span

29
based in Alexandria, Va.
28
elaboration-additional-e

30
 For example, the delay 
5026
span

31
in selling People's Heritage Savings, Salina, Kan., with $1.7 billion in assets,
30
elaboration-object-attribute-e

32
 has forced the RTC to consider selling off the thrift branch-by-branch, instead of as a whole institution.
5027
Same-Unit

33
 NCNB continued its foray into the Florida and Texas markets. 
5046
span

34
NCNB will acquire University Federal Savings Association, Houston, 
5030
span

35
which had assets of $2.8 billion. 
34
elaboration-additional-e

36
NCNB Texas National Bank will pay the RTC a premium of $129 million for $3.5 billion in deposits. 
5044
List

37
As a measure of the depths 
5031
span

38
to which the Texas real estate market has sunk,
37
elaboration-object-attribute-e

39
 the RTC will pay $3.8 billion to NCNB 
5032
span

40
to take $750 million of bad assets. 
39
purpose

41
 NCNB also acquired Freedom Savings & Loan Association, Tampa, Fla., 
5034
span

42
which had total assets of $900 million. 
41
elaboration-additional-e

43
NCNB will pay the RTC a premium of $40.4 million for $1.1 billion in deposits.
5040
List

44
 NCNB will also acquire $266 million of Freedom's assets from the RTC, 
5035
span

45
which will require $875 million in assistance. 
44
elaboration-additional-e

46
 Meridian Bancorp Inc., Reading, Pa., will acquire Hill Financial Savings Association, Red Hill, Pa., 
5036
span

47
which had $2.3 billion in assets. 
46
elaboration-additional-e

48
Meridian will pay a premium of $30.5 million 
5037
span

49
to assume $2 billion in deposits. 
48
purpose

50
It will also purchase $845 million of the thrift's assets, with $1.9 billion in RTC assistance. 
5042
List

51
 In the first RTC transaction with a foreign buyer, Royal Trustco Ltd., Toronto, will acquire Pacific Savings Bank, Costa Mesa, Calif.,
5047
span

52
 which had $949 million in assets. 
51
elaboration-additional-e

53
Royal Trustco will pay the RTC $25 million 
5048
span

54
to assume $989 million in deposits.
53
purpose

55
 It will also purchase $473 million in assets, 
5049
List

56
and receive $550 million in assistance from the RTC. 
5049
List

5001
multinuc
5055
span

5002
span
3
manner

5003
span
4
elaboration-object-attribute-e

5004
span
5007
span

5005
span
5006
List

5006
multinuc
5004
elaboration-set-member

5007
span
5053
span

5008
span
5018
span

5009
span
5019
List

5010
span



5011
span
5020
span

5012
span
5015
Sequence

5013
span
5015
Sequence

5014
multinuc
20
example

5015
multinuc
5017
span

5016
span
5015
interpretation-s

5017
span
5019
List

5018
span
10
comparison

5019
multinuc
5011
elaboration-additional

5020
span
5007
elaboration-additional

5021
span
5023
span

5022
span
5029
span

5023
span
5053
circumstance

5024
span
27
attribution

5025
span
5028
span

5026
span
5027
Same-Unit

5027
multinuc
5025
example

5028
span
5022
explanation-argumentative

5029
span
5021
concession

5030
span
5038
span

5031
span
5033
Same-Unit

5032
span
5033
Same-Unit

5033
multinuc
5044
List

5034
span
5041
span

5035
span
5040
List

5036
span
5043
span

5037
span
5042
List

5038
span
5045
List

5039
span



5040
multinuc
5034
elaboration-additional

5041
span
5045
List

5042
multinuc
5036
elaboration-additional

5043
span
5052
List

5044
multinuc
5030
elaboration-additional-e

5045
multinuc
33
elaboration-general-specific

5046
span
5052
List

5047
span
5051
span

5048
span
5050
List

5049
multinuc
5050
List

5050
multinuc
5047
elaboration-additional

5051
span
5052
List

5052
multinuc
5056
Topic-Shift

5053
span
5054
span

5054
span
5001
summary-s

5055
span
5056
Topic-Shift

5056
multinuc



