WASHINGTON --Seventeen mutual thrifts whose stock offerings could have been held up by a recent court decision were quietly released from limbo Wednesday.

The 17 thrifts planning to raise at least $587.2 million from Wall Street had been caught up in a controversy over whether the Office of Thrift Supervision had followed proper procedure in adopting a provision in its new role on mutual thrift conversions that requires thrills selling stock for the first time to favor depositors within a 100-mile radius of the institution.

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