WASHINGTON - The House Banking Committee's second-ranking Democrat said the Bank Insurance Fund should be required to hold an extra 25 cents for each $100 of insured deposits - a step that would delay the premium rate reduction.

"While I don't believe that one approach is vastly superior to all the others, a serious case can be made for raising the standard for both insurance funds from 1.25% to 1.5%," said Rep. John J. LaFalce, D-N.Y., at a hearing Friday.

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.