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WASHINGTON — U.S. thrifts posted their fourth consecutive quarterly profit in the second quarter even as industry results continued to reflect ongoing economic weakness and high levels of delinquent loans.
The Office of Thrift Supervision said the nation’s thrifts reported a $1.49 billion profit for the second quarter, down from $1.72 billion in the first three months of the year but better than a $94 million loss in the second quarter of 2009.
Denver Post staff and wire reports
