When John Robinson took over as director of the Office of Thrift Supervision's western region in September 1993, the West Coast thrift industry was still in a perilous state. Investors had bailed out two of the biggest troubled savings and loans - Glendale Federal Bank and California Federal Bank - but 23 institutions, with $14 billion in assets, remained on the danger list.

Now the number of troubled thrifts in the region, made up of Arizona, Utah, Wyoming, Montana, and points west, is down to five, and the California economy is showing signs of life. But Mr. Robinson still has his worries, which he shared in an interview at his San Francisco office.

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