WHITE SULPHUR SPRINGS, W.Va. - Andrew C. "Skip" Hove, vice chairman of the Federal Deposit Insurance Corp., said Monday that bankers should not be forced to shore up the thrift insurance fund.

Speaking to 350 members of the Georgia Bankers Association at The Greenbrier here, Mr. Hove said the Bank Insurance Fund should not be merged with the underfunded Savings Association Insurance Fund.

"BIF funds should only be used for BIF expenses, and merging them would violate this principle," Mr. Hove said. "Once you start using these funds for something other than these expenses, it sets a terrible precedent because then Congress could call on those funds for anything." -

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