WASHINGTON -- The Association of Financial Services Holding Cos. is floating a proposal that would give banks interstate branching rights if they meet several tests required of savings and loans.

The proposal, which was delivered last Friday to Rep. Frank Annunzio, D-Ill., the chairman of a House Banking subcommittee, would give banks the same interstate branching powers that S&Ls received earlier this year from their regulator. The Senate, however, voted in June for a 15-month moratorium on thrift branching.

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