Wrapping up the Savings Association Insurance Fund rescue Monday, Congress and President Clinton handed banks and thrifts a $12.9 billion tab.

The new law levies a 65.7-cent fee on every $100 of thrift deposits held on March 31, 1995. The $4.7 billion assessment is due Nov. 29 and must be reported as a third-quarter expense. The money collected will capitalize the thrift fund and let thrift premiums be brought in line with those of banks by 2000.

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