SAN FRANCISCO -- Glendale Federal Bank reported a $19.9 million third-quarter loss, slightly worse than the $16.8 million deficit posted in the same period last year.

The latest loss was expected and covers the period in which the Glendale, Calif.-based thrift successfully recapitalized. Glendale officials have said they do not expect the nation's fourth-largest thrift to return to profitability until sometime in 1994.

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