Citizens Savings Bank FSB saidit will incur an expense of about 393,000 dlrs or 20 cts a
share for the three and six months ending June 30.
    Citizens said the expense is due to a a recent decision by
the Federal Home Loan Bank Board to eliminate the FSLIC
secondary reserrve as of December 31, 1986.
    According to Citizens, the FHLBB action was taken to cover
future losses of financially troubled institutions. Citizens
said its secondary reserve balance as of December 31, 1986 was
694,000 dlrs.
 Reuter
