Fobaproa the FONAPRE ("Fondo de Apoyo Preventivo a las Institiciones de Banca Múltiple" or "Fund of preventive support to banking institutions") was founded to preserve the financial stability of banks, with the government having banks as trustees. By 1987, a parallel finance industry had been created with brokering firms, investment societies etc. To continue attracting investors, interest rates increased at the Bolsa Mexicana de Valores, and with the crash in the New York Stock Exchange, the national banking system was deeply affected and another devaluation came as a result. In 1990, in an attempt to prevent situations similar to those of
Rancho Bolsa Nueva y Moro Cojo of 1851, a claim for Rancho Bolsa Nueva y Moro Cojo was filed with the Public Land Commission in 1853, and the grant was patented to Maria Antonio Pico de Castro in 1873. Juan Bautista Castro (1835–1915), son of José Simeon Castro, founded Castroville in 1863. Rancho Bolsa Nueva y Moro Cojo Rancho Bolsa Nueva y Moro Cojo was a Mexican land grant in present-day Monterey County, California given in 1844 by Governor Manuel Micheltorena to María Antonia Pico de Castro. Literally translated, the name means "new pocket and lame moor". In the plains of Argentina and Uruguay, "moro" is