Second-quarter earnings at institutions regulated by the Office of Thrift Supervision fell 12%, to $1.7 billion, from a year earlier, the agency reported Wednesday.

A $931 million tax tab in the second quarter took a bite out of the industry's profits, agency officials said. A year ago, thrifts' taxes were significantly lower-$643 million. But during the three months ending June 30, several institutions realized accrued tax liabilities, the OTS explained.

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