WASHINGTON - T. Timothy Ryan, director of the Office of Thrift Supervision, has denied a charge by Rep. Henry Gonzales, D-Tex., that his agency procrastinated in seizing HomeFed Bank of San Diego.

"OTS does not practice or condone forbearance in any form," Mr. Ryan siad in a letter last Friday, three days after Rep. Gonzales sent an accusatory letter to him.

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