The Federal Deposit Insurance Corp. will decide Thursday whether to continue an interagency pilot program aimed at locating fraudulent Internet banks.

Jeffrey M. Kopchik, a senior policy analyst who heads the project, said the FDIC's operating committee is considering three options: renew the pilot as is, eliminate it, or replace its 20 volunteers with automated software that scans the Web for banking anomalies, such as suspiciously high interest rates on certificates of deposit.

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