WASHINGTON - Savings and loans earned a record $1.76 billion in the first quarter, but regulators tempered the good news with a warning: 10% of the industry is flirting with failure.

Jonathan L. Fiechter, acting director of the Office of Thrift Supervision, said Thursday that 183 of 1,802 thrifts,with $117 billion of the industry's $738 billion of assets, are on the agency's problem list.

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