WASHINGTON -- Andrew C. Hove Jr., acting chairman of the Federal Deposit Insurance Corp., has urged Congress to extend a moratorium in current law that bars thrifts from switching insurance funds.

However, in a letter to Senate Banking Committee Chairman Donald W. Riegle, D-Mich., he warned that a looming premium disparity between banks and thrifts threatens efforts to recapitalize the Savings Association Insurance Fund -- even if the moratorium is extended.

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