ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, May 26, 1993                   TAG: 9305260101
SECTION: BUSINESS                    PAGE: B5   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                 LENGTH: Short

FDIC IN THE BLACK AFTER 2 YEARS OF RED

The fund insuring deposits at the nation's 11,735 banks is back in the black for the first time in nearly two years, regulators said Tuesday.

At the end of March, the balance of the Federal Deposit Insurance Corp.'s bank insurance fund was $1.2 billion, up from negative $101 million at the end of 1992 and negative $7.03 billion a year before that. The fund last reported a positive balance on June 30, 1991: $4.5 billion.

Seven banks failed during the first three months of this year, compared with 35 during the first three months of last year and 122 for all of last year.

Despite the good news, the FDIC board voted unanimously not to change the premiums paid by banks during the second half of this year. - Associated Press 


 by CNB