WASHINGTON -- By next month, the Federal Home Loan Bank System's membership is likely to include more commercial banks than thrifts for the first time, the system's departing regular told a Wednesday meeting of the agency's board.

Daniel F. Evans Jr., chairman of the Federal Housing Finance Board, which oversees the home loan bank system, said: "My guess is that next month, because of the large number [of bank applicants[ in the pipeline, there will be more individual commercial banks" than thrifts in the system.

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