FDIC's Bair: Will Lower Deposit Insurance Fees By End Of Month

May 6th, 2009 - Wall Street Journal

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WASHINGTON (Dow Jones)--The Federal Deposit Insurance Corp. hopes to announced by the end of the month that it will reduce the assessment it charges banks for insurance, the agency's head said Wednesday.

FDIC Chair Sheila Bair, in an appearance before a U.S. Senate committee, said congressional approval of legislation increasing the FDIC's borrowing authority would pave the way for such an announcement.

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