WASHINGTON — With more time to rebuild its coffers and failed-bank losses easing, the Federal Deposit Insurance Corp. Tuesday abandoned an across-the-board premium hike slated to go into effect next year.
The agency had scheduled a uniform rate increase of 3 cents per $100 of domestic deposits, with most banks already paying between 12 to 16 cents. The move was part of an earlier plan to restore an insolvent Deposit Insurance Fund to its minimum of 1.15% of insured deposits.
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