Deposits declined at federally insured S&Ls;.

Federal Home Loan Bank Board deposits at the savings and loans declined $2.2 billion in December, following a $1.4-billion increase in November. For all of 1985, there was a $4.8-billion drop in deposits--a sharp turnaround from 1984, when deposits grew by $56.9 billion. The bank board report also noted that lending totaled a record $195.7 billion last year, up from $181.3 billion in mortgages closed during 1984.