WASHINGTON -- The Federal Deposit Insurance Corp., taking advantage of the banking industry's return to health, plans to reduce spending 16% next year.

The agency's 1995 budget, which is funded by bank premiums, calls for total spending of $1.49 billion, down $292 million from the current year. In large part that reflects a projected 17% decline in staffing levels, a drop that will leave the insurer with 9,996 employees.

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