The Federal Deposit Insurance Corp., which is...

The Federal Deposit Insurance Corp., which is taking control of 224 insolvent savings institutions, announced that it is temporarily halting S&L; rescues. S&L; regulators rescued or propped up 223 institutions last year, mostly by issuing promissory notes and pledging to cover losses. The FDIC, a commercial bank regulator, will spend the next month taking control of the remaining failed S&L; under orders from President Bush. The FDIC said it was calling a halt to assistance transactions until it can evaluate the institutions. After that, it will only resolve cases that can be supported by the S&L; insurance fund’s cash flow.