By any measure, the thrift industry has shrunk by about one-eighth since last year, according to American Banker's midyear survey of the savings business.

As of June 30, deposits had dropped 11.7%, to $883.3 billion, since the comparable same date in 1991. Assets had fallen 12.1%, to $1.1 trillion, while the number of thrifts declined 12.4%, to 2,524.

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