WASHINGTON - House Banking Committee Chairman Jim Leach is brokering a deal on bank insurance powers designed to break the logjam stalling his Glass-Steagall bill.

Rep. Leach would link the fate of bank insurance powers to the outcome of a Supreme Court case involving Barnett Banks Inc. of Florida. If Barnett won the case, national banks would be able to sell insurance nationwide from towns of 5,000 or fewer people. If Barnett lost, banks would be subject to a five-year moratorium on new insurance powers.

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