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P.M. BRIEFING : U.S. Thrift Office Reorganized

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<i> From Times Wire Services </i>

Salvatore R. Martoche, acting head of the Office of Thrift Supervision, today consolidated the agency’s supervisory functions and reassigned two top executives, including one who played a prominent role in handling regulation of Lincoln Savings & Loan Assn.

Martoche, appointed by President Bush two weeks ago to fill temporarily the vacancy created by the resignation of M. Danny Wall, also said the OTS has been studying the possibility of restructuring the agency’s 12 district offices.

Martoche said he has consolidated the operations and policy functions of the agency’s Office of Supervision and named John Downey as acting senior deputy for supervision. Downey served most recently as director of the agency’s Indianapolis district.

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Downey replaces Darrel Dochow, who will serve as acting director of the Indianapolis office and will head the agency’s task force analyzing the merits of restructuring its district offices. Dochow served under Wall as the agency’s senior deputy director for supervision operations and his name came up frequently in congressional hearings investigating the agency’s handling of Lincoln, the Irvine, Calif., thrift seized by regulators last April.

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