ROANOKE TIMES 

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

DATE: WEDNESDAY, March 23, 1994                   TAG: 9403230160
SECTION: BUSINESS                    PAGE: B8   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                 LENGTH: Short

FDIC COULD SLASH BANK PREMIUMS

U.S. bank deposit insurance premiums could be slashed to less than one-third of their current level by 1996, as the Federal Deposit Insurance Corp. continues to see its funds replenished well ahead of schedule.

The FDIC said Tuesday that its Bank Insurance Fund is likely to reach its target level of $1.25 for every $100 of insured deposits by 1996. And even that estimate may be too pessimistic, according to Roger Watson, FDIC director of research.

When the fund reaches 1.25 percent, the FDIC will be able to cut the premiums it charges banks to finance the insurance fund.

- Knight-Ridder/Tribune 


 by CNB