ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, March 31, 1990                   TAG: 9003310278
SECTION: NATIONAL/INTERNATIONAL                    PAGE: A2   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short

S&L NOMINEE ADMITS USING DRUGS IN PAST

Hours after the Senate Banking Committee narrowly approved Timothy Ryan as the chief regulator of the troubled savings and loan industry, he acknowledged he had admitted to the Bush administration that he used cocaine and marijuana in the early 1970s.

"Prior to my nomination I disclosed both on my FBI forms and verbally to the White House, Treasury and the FBI that early in the 1970s I smoked marijuana on a few occasions and tried cocaine once, perhaps twice," Ryan, 44, said in a statement released Friday night by the Treasury Department.

"I regret this mistake. I do not regret having voluntarily disclosed this information," the statement said.

The Banking Committee, whose members had seen an FBI background report including Ryan's admission of drug use when he was in his mid-20s, approved his nomination after a contentious debate by a vote of 11 to 10, and Banking Committee Chairman Sen. Donald W. Riegle, D-Mich., said he hoped for a floor vote Wednesday. - The Washington Post 


 by CNB