WASHINGTON -- The Bank Insurance Fund is back in the black and debt free for the first time since 1991.

The Federal Deposit Insurance Corp. said Tuesday that the insurance fund repaid its final $2.5 billion in borrowings from Treasury on Aug. 6. The fund's balance, too, rebounded - to $6.8 billion at June 30 from negative $100 million at yearend 1992, according to the FDIC's midyear financial update.

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