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 de Chamisal patented to Lewis T. Burton in 1867. In 1856, Burton sold Rancho Bolsa de Chamisal to Francis Ziba Branch (1802–1874), grantee of Rancho Santa Manuela and part owner of Rancho Arroyo Grande, Rancho Pismo and Rancho Huerhuero. In 1866, Branch sold part of the rancho to dairymen George Steele and his brothers Edgar W., Isaac C., and Rensselaer E. Steele. Rancho Bolsa de Chamisal Rancho Bolsa de Chamisal was a Mexican land grant in present-day San Luis Obispo County, California given in 1837 by Governor Juan B. Alvarado to Francisco Quijada. The grant extended along the Pacific coast, just south