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the

Cranion

"alleged that the examers kep

Coming up with arms and that was impene

Repering the Home Lose Bank of San France were preside James Cirona:

who at the bed the proof over, that the Senator could not recall the

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1987

National Thrift News

Regulators Say Contact By Five Senators Was Very Unusual

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SNL Securition, Hoboken, N.J., working from Securities and Exchange Commission filings and annual reports, lists Lincoln's amets of $3.2 billion as of December 19:4, and says the arts have incroceed to $4.5 billion as of year end 1906.

Income during that period incrossed from $20.5 million for 1984 to $24.3 million after wars for 1996.

Sull refusing to verify any meeting took plass. Mr. Kichty indicated that there has born no change in the pace of the examingtion proses since last April.

He mid the audit which began in March. 1996, was still underway.

"It's never born spad up, "he said. “It's stall in proms."

A spokesman for Sen. Glenn said be

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Phoenix Hotel Poses Potential Losses

NEW YORK-Lincoln Savings and Less Association is facing a significant loss on the $300 million Phoenician Hotel which opra its doors in Phoenix in lose 1988 according to a Federally ordered appraisal, confidential sourous have said. Merover local real estate experts in Phoenis hay broom Phoenicion. which is

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"We have

Mr. Kielty mid mid the

•as acquired by ACC-albeit after some fficult years dun to high interest rates-but at the write off mandated by their exam ...on would have incoln with a regulatory worth of $25 mill

ACC Sells Servicing

DENVER.-American Continental Mortgage Co. Phoenix, now has sold mont of in mortgage servicing portfelle.

Megapolian Mortgage Co. bore bought 1370 million in servicing, primarily from American Continental, to bring •pellen's partiello to $450 million. merican Continental Mortgage Co. ba of American Cootieratal Corp.

✔ Linssia Savings and Loan Association, rvine, Call

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Irvine. cartier

the Federal Home

parem Amerima which is building the Hotel Group. projem.

Overall it's going

He mid the botel is being financed by ACC, in majority owner. He declined to identify other investors in the project, anying ut a lot of confidential You're aski businen matters | mat comment on." But on 130 acres where Phoenix borders Scottadals, will have to charge $405 cupancy rate of 60% to

Jaciary to April, Arizona destination resor-f-contained and including world clam golf courses and other amenities—the Boulders Resort in Carefree, charges a maximum of $340 por night for double Prices at other destination resorts in the

1-800-341-7378

For subscription or renewal information, or answers to billing questions, call our circulation hotline or write:

P.O. Box 10771 Dept. 3087 Des Moines, Iowa 50340 1-800-341-7378

If you still have a problem or question or a

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the golf courses. The Phoenician will have great room services and other to offer bet their golf course (is) substandard relative to some of the other destination resorts."

Mr. Hamed asted that another ACC hotel, the Cressant, which opraod earlier this your "hon't exactly been setting the world on fire" as far as occupancy rates are concerned.

Richard Warraich, a commitant wich Laventel & Horwath, who has worked o the project for Lincoln's affiliate, the Crescat Hotel Group, said "there has been mit the costs of the project have been high but there's no way to confirm this."

He mid he could and comment on the proyect because Lincoln is a cheat of the firm.

"Karp in mind that all hotels have a tough time in the early years and it can make threeto-five years to stabiliar its business." -Pol Muste

SELLING LOAN SERVICING?

If you are considering selling loan servicing, we provide the following services to sellers nationwide: • Constant contact with all the buyers in the marketplace. •Review, analysis and expert valuation of portfolios.

• Professional compilation of offering documentation. • Customised and confidential nationwide advertising and bid analysis.

• Assistance with negotiations, contracts and transfers. • Location of quality Fixed or ARMs slow servicing buyers.

• Excellent track record, references availables.

Other services offered include:

• Unique bedging programs to cover prepayment risk.
• Extremely competitive subservicing program.
Call David Harper or Kip Lord

HOLLINGSWORTH & LORD, INC.

CAMTAT compT CRAI

WEDNESDAY, JANUARY 21, 1987

7:00 p.m.

CHK, JUDY WISCHER, ANDY LIGGET, JACK ATCHISON (ARTHUR
YOUNG) DINNER AT CRESCENT

THURSDAY, JANUARY 22, 1987

1:30 p.m.

6:30

TONY HAMZA AND TOM VAUGHN FROM JULIANA'S IN NEW YORK
ARRIVE PHOENIX TO CONSULT ON DISCO--CRESCENT/PHOENICIAN

LODGING AT CRESCENT HOTEL

MEET WITH CHK, MEK, REX OWENBY, TOM HOTT, ORVILLE THOMPSON,
TOUR HOTELS; MEET WITH ELAINE BOLAND

CHK, MEK, CDL 30TH ANNIVERSARY CONFERENCE DINNER

(CHK TO GIVE INFORMAL REMARKS)

FRIDAY, JANUARY 23, 1987

9:00 a.m.

CHK, MEK, MEET WITH HAMZA AND VAUGHN FROM JULIANA'S/NEW YORK

SATURDAY, JANUARY 24, 1987,

3:30 p.m.

CDL BARBEQUE AT RANCH

SPECIAL COUNSEL
EX. 599

KEATING AGENDA

FEBRUARY 23, 1987

PAGE 2

WEDNESDAY, FEBRUARY 18:

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CHK, JIM GROGAN, CAROL KASSICK MEETING WITH MARGERY WAXMAN,
CRAIG CEASAR, AT SIDLEY & AUSTIN, 1722 I STREET, N.W.,
7TH FLOOR, 1-202-429-6167

ADDITIONAL ITEMS DISCUSSED: BRIEFING FOR CHK PRIOR TO
HIS MEETING WITH LAWRENCE WHITE - FHLBB MEMBER

CHK MEETING WITH LAWRENCE WHITE MEET AT FHLBB BUILDING,
1700 6 STREET, N.W., 5TH FLOOR, WASHINGTON
(BUNNY-1-202-377-6590)

ADDITIONAL ITEMS DISCUSSED: L&H PHOENICIAN; STEVENS;
CROWDER: HIDDEN VALLEY; APPRECIATED SCHEDULE; LITIGATION
SCHEDULE; OPERATING S&L'S; PLAYTEX; MEMOREX; SUPER X; 1987 P&L

CHK, JIM GROGAN MEETING WITH SENATOR ARMSTRONG, ROOM 528,
SENATE HART BUILDING, 1-202-224-5941

CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK MEETING WITH
SENATOR JOHN MCCAIN, SENATE HART BUILDING, ROOM 214-1-202-224-22
CHK, JIM GROGAN, CAROL KASSICK MEETING WITH SENATOR TERRY SANFOR
NORM D'AMOURS MEET AT 716 HART SENATE BUILDING 1-202-224-3154
CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK MEETING WITH
JIM WRIGHT SPEAKER OF THE HOUSE, CAPITOL BUILDING, ROOM 204
CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK MEETING WITH
CURTIS PRINS, STAFF DIRECTOR, CONSUMER AFFAIRS AND COINAGE
SUBCOMMITTEE, U.S. HOUSE OF REPRESENTATIVES, 1-202-226-3280

CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK WASHINGTON (NATIONAL
TO NEWARK (CEDAR LIMO MEET)

CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK, DINNER WITH
BARBARA THOMAS AT LE CIRQUE, 58 E. 65TH STREET, 1-212-794-9292

ADDITIONAL ITEMS DISCUSSED: CHK UPCOMING TRIP TO ASIA AND
MEETINGS THAT BARBARA WILL SET UP WITH VARIOUS INVESTMENT
BANKERS IN JAPAN AND POTENTIAL INVESTMENTS WITH BANKER'S TRUST.

LODGING: THE HELMSLEY PALACE, 455 MADISON AVENUE,

1-212-888-7000 (CHK-1 DBL; JJG, BRAD, CDK - 3 SGLS) ALL IN TOWER 1 NIGHT

KEATING AGENDA

FEBRUARY 23, 1987

PAGE 3

THURSDAY, FEBRUARY 19:

8:00 A.M.

10:00 A.M.

1:00 P.M.

3:00 P.M.

5:00 P.M.

CHK, BRAD BOLAND, JIM GROGAN, CAROL KASSICK VISIT DE LA
SALLE ACADEMY, 202 WEST 97TH STREET (BETWEEN 96 & 97)
1-212-316-5840

NOTE: SCHOOL FOR GIFTED CHILDREN IN THE BRONX/MANHATTAN
AREA OF NEW YORK RUN BY BROTHER BRIAN AND FRANK COLEMAN.
ACC HAS DONATED TO THEIR CAUSE IN THE PAST.

CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK INTERVIEW
WITH JACK KENNEDY IN CHK'S ROOM AT THE HELMSLEY PALACE

NOTE: INTERVIEWING FOR POTENTIAL MARKETING DIRECTOR
POSITION WITH THE CRESCENT HOTEL GROUP

CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK LUNCHEON
MEETING WITH ROWLAND FRANKLIN AT THEIR CORPORATE HOUSE,
116 EAST 80TH STREET 1-212-772-2070

ADDITIONAL ITEMS DISCUSSED: DISSOLUTION OF CROWN ZELLERBACH,
AND SALE OF ASSETS; ALSO FUTURE INVESTMENT POTENTIAL

CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK MEETING WITH
ARTHUR YOUNG'S INTERNATIONAL DIVISION, 277 PARK AVENUE
23RD FLOOR, 1-212-407-2100 JESSE MILES-VICE CHAIRMAN
IN SEARCH OF INTERNATIONAL OPERATIONS; BOB NEUBERT-DIRECTOR
OF INTERNATIONAL SERVICES RESPONSIBLE FOR FRANCE AND CANADA;
SAM FROHLICH-ASSISTANT DIRECTOR OF INTERNATIONAL SERVICES
AND DIRECTOR OF INTERNATIONAL TAX PRACTICES--RESPONSIBLE FOR
JAPAN, KOREA, HONG KONG; VIRGIL WENGER-DIRECTOR

ADDITIONAL ITEMS DISCUSSED: ACC'S INTERESTS IN DOING

OVERSEAS INVESTMENTS AND LENDING OPPORTUNITIES WITH ARTHUR YOUNG

CHK, JIM GROGAN, BRAD BOLAND, CAROL KASSICK NEWARK TO
PHOENIX VIA THE BAC (DINNER ON BOARD)

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