The Federal Deposit Insurance Corp. is unlikely to lower deposit insurance premiums on banks anytime soon, despite an improvement in the agency's finances, the agency's chief told bankers on Wednesday.

FDIC Chairman Martin Gruenberg told attendees at the Las Vegas convention of the Independent Community Bankers of America that the agency is not changing its current premium strategy, even though the Deposit Insurance Fund has grown steadily since going negative at the height of bank-failure activity. Gruenberg said the agency is still on target to hit the minimum level for the DIF required by Congress by the end of this decade.

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