The Federal Deposit Insurance Corp. on Tuesday exempted nearly all banks and thrifts from paying deposit insurance premiums for the second half of 1998.

Though 95% of banks will not pay premiums, reserves held by the Bank Insurance Fund are expected to grow 5 basis points, to as much as $1.43 for every $100 in insured deposits. Ninety-one percent of thrifts will not pay a premium, but the Savings Association Insurance Fund's reserves are expected to grow 9 basis points, to as much as 1.45% by yearend.

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