Action Expected Soon

PREMIUMS CUT: The Federal Deposit Insurance Corp. is expected to vote any day on a proposal to reduce bank insurance rates by 83%. Premiums will range from 4 cents to 31 cents per $100 of domestic deposits, depending on how much risk a bank poses to the Bank Insurance Fund. The agency also proposed retaining the current deposit insurance rates for thrifts, which range from 23 cents to 31 cents. The plan does ask for comment on temporarily cutting the rate to 18 cents for two years. Published by the FDIC Feb. 16. Comments were due April 17.