WASHINGTON - In a letter faxed to mutual thrifts across the country, a top Office of Thrift Supervision regulator said he doesn't want to see any institutions liquidated.

The letter sent last Friday by John F. Downey, the thrift agency's director of supervision, came after a June 22 American Banker article detailed two recent cases in which regulators allowed mutuals to voluntarily dissolve prior to selling their assets and liabilities to other institutions.

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