SAN ANTONIO - Federal Deposit Insurance Corp. Chairman Ricki Helfer told bankers here Tuesday that Congress should maintain her agency's board at five members if it merges the funds that back bank and thrift deposits.

Addressing the annual convention of the Independent Bankers Association of Texas through a satellite hookup, Ms. Helfer said legislation being considered by both the House and Senate to eliminate the Office of Thrift Supervision would result in a four-seat FDIC board if the seat now held by the OTS director is dropped.

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