BANKING & FINANCE - June 28, 1995
<i> Times Staff and Wire Reports</i>
FDIC Fund at Record $23.2 Billion: Near-record profits and declining failures in the banking industry enabled the fund that insures commercial bank deposits to reach a new high at the end of the first quarter. The balance sets the stage for deposit insurance premiums to decline. The first-quarter balance is up 6% from the end of last year and 52% from the same time in 1994. The Washington-based Federal Deposit Insurance Corp. runs a fund that insures commercial bank deposits, the Bank Insurance Fund, and one that backs savings bank deposits, the Savings Assn. Insurance Fund.
