WASHINGTON -- The Bank Insurance Fund has more money today than ever. During the third quarter, the bank fund rose above $18.3 billion its previous record set in 1987.

With this growth, the fund will hit its target of $1.25 for every $100 of insured deposits by mid-1995, said Art Mutton, deputy research director at the Federal Deposit Insurance Corp. To hit that target, the insurance fund will need just under $24 billion, Mr. Murton said.

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