WASHINGTON -- The Dime Savings Bank of New York announced Thursday that the Office of Thrift Supervision had terminated several enforcement directives regarding capital and other deficiencies at the bank that were put into place in 1991 and 1992 when the institution was undercapitalized.

The directives had restricted the Dime's operations. Richard D. Parsons, Dime's chairman and chief operating officer, said running the bank with the government as a partner wasn't easy. He said that while he had understood the government's interest in a previously distressed institution being run in a prudent way, "we paid a price in terms of flexibility and timing."

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