Congress must act quickly to shore up the Savings Association Insurance Fund or it may be unable to meet its obligations to depositors, banking regulators told lawmakers Tuesday.

In a letter sent to House Speaker Newt Gingrich, Senate Majority Leader Bob Dole, and other congressional leaders, Federal Deposit Insurance Corp. Chairman Ricki Helfer, Treasury Under Secretary John D. Hawke Jr., and Office of Thrift Supervision Acting Director Jonathan L. Fiechter urged that the thrift fund fix be "enacted promptly."

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