MARYLAND THRIFT UNIT MORATORIUM
Responding to ''long lines and heavy withdrawals'' of deposits from one of Maryland's largest savings and loan associations, Gov. Harry R. Hughes yesterday orderered a 20-day moratorium on further withdrawals from the thrift institution. The action late yesterday afternoon followed a third day in which depositors demanded their money as they expressed concern that troubles in the thrift unit's real estate subsidiary would jeopardize their funds. The crisis at Community Savings and Loan Association in Bethesda, Md., is the latest in a series of sudden difficulties among commercial banks, thrift institutions and government securities dealers over the last year stemming from complex financial dealings. In Community Savings's case, the trouble emerged last week when it was disclosed that the thrift association's real estate subsidiary did not have the cash to make interest and principal payments on a portion of $1.4 billion in mortgages it had issued.
