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

DATE: THURSDAY, April 5, 1990                   TAG: 9004060907
SECTION: VIRGINIA                    PAGE: A13   EDITION: EVENING 
SOURCE: Associated Press
DATELINE: WASHINGTON                                LENGTH: Short

SENATE CONFIRMS S&L REGULATOR

Labor lawyer T. Timothy Ryan Jr. is preparing to tackle what many consider the toughest financial job in the country: regulator of the nation's 2,500 savings and loans.

With Senate confirmation by an unexpectedly lopsided 62-37 vote Wednesday, Ryan takes over as director of the Treasury Department's Office of Thrift Supervision. Seventeen Democrats, including Sen. Charles Robb, D-Va., joined Sen. John Warner, R-Va., and all 44 other Republicans in voting for him.

Ryan's five-year term likely will be the critical period in determining whether thrift associations survive as a separate industry. They lost a record $19 billion last year.

After he is sworn in, probably on Monday, Ryan will be responsible for administering toughened financial standards enacted as part of President Bush's savings and loan bailout. He will decide which institutions stay in business and which are seized by the government.

by CNB