Some remnants of Baltimore Federal Financial FSA fetched $52,000 for the federal government as furniture, fixtures and equipment of the defunct thrift were sold at auction yesterday. The auction took place at the savings and loan's old administration building at 500 N. Calvert St.
The auction was part of the effort by the Federal Resolution Trust Corp. to sell property and assets that the government acquired when it took over Baltimore Federal in February 1989. The federal agency is still attempting to sell $42 million worth of real estate owned by the thrift, including two branch operations, according to RTC spokeswoman Kate Spears.
Household Bank FSB of Newport Beach, Ca., bought $871.4 million of Baltimore Federal deposits from the RTC in April. Besides shutting down 13 of the 29 Baltimore Federal branches, Household moved the administration operation from downtown
Baltimore to its new regional headquarters near Baltimore-Washington International Airport.