FIRST FEDERAL SALT LAKE INITIAL OFFERING STARTS
First Federal Savings and Loan
Association of Salt Lake City <FFUT> said an initial public
offering of 816,927 common shares is under way at 6.50 dlrs
each through underwriters led by Boettcher and Co Inc.
    It said it sold a total of one mln shares, with the others
sold in an earlier offering to customers.
 Reuter
