WASHINGTON - The Bank Insurance Fund grew 55% in the third quarter to $10.5 billion. according to Andrew C. Hove Jr., acting chairman of the Federal Deposit Insurance Corp.

That means the fund held 56 cents for every $1 of insured deposits at Sept. 30 - the highest reserve ratio in almost four years.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.