BANKING & FINANCE - Nov. 19, 1993

Accord Reached on S&L; Cleanup Bill: House and Senate negotiators agreed on the compromise legislation to provide up to $26.3 billion to finish the savings and loan bailout. The accord paves the way for a possible final vote in both chambers of Congress before lawmakers adjourn for the Thanksgiving holiday. The agreement provides the Resolution Trust Corp. with up to $18.3 billion to sell off failed thrifts. The agency currently has 64 S&Ls; with assets worth $73.5 billion under its control. The Federal Deposit Insurance Corp.’s Savings Assn. Insurance Fund would be authorized to receive the other $8 billion.