WASHINGTON -- A key member of the House Banking Committee last week urged prompt congressional approval of narrow legislation to recapitalize the Bank Insurance Fund, a move that could further cloud the chances for passage this year of comprehensive legislation to allow banks into the securities business.

Rep. Frank Annunzio, D-Ill., sent a letter last week to House Speaker Thomas S. Foley, D-Wash., asserting that the recent failure of five New Hampshire banks had pushed the und "to the brink of, if not into, insolvency."

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