A federal judge yesterday gave Charles H. Keating Jr. five days to come up with an accounting of his assets and forbade the former owner of Lincoln Savings and Loan from spending more than $5,000 without notifying regulators, the Office of Thrift Supervision announced.

Timothy Ryan, director of the OTS, described the judge's decision as "an absolute victory for American taxpayers."

The OTS has accused Keating and five of his associates of violating thrift regulations and demanded they pay $40.9 million to cover part of Lincoln's losses, estimated to cost taxpayers $1.7 billion.

The Justice Department filed suit on behalf of the OTS this month after Keating failed to comply with a regulatory order for an accounting of his assets prepared by a certified public accountant.

In addition to the accounting and what Ryan characterized as a partial freeze of Keating's assets, the OTS suit sought an order barring Keating from transferring any assets outside the country.

Carolyn Lieberman, senior counsel for the OTS, said the judge's decision "provided all the relief we were seeking." Ryan said the ruling, in conjunction with a recent, similar ruling from 9th Circuit Court of Appeals, "is very positive news for the {Bush} administration's enforcement effort with regard to savings and loans."

Congressional investigators disclosed earlier this year that Keating and members of his family collected $34 million in salaries, bonuses and stock profits from Lincoln over a four-year period.

Keating's spokesman, son-in-law Brad Boland, has said Keating "doesn't have any money." Lieberman said, ... " ... We don't believe he is without any funds." $RAY; Invalid basket name FI/WIRE