WASHINGTON — The Federal Deposit Insurance Corp. expects its premium income to fall by nearly 8% in 2014, compared to last year, as banks continue to improve, the agency said Tuesday.

FDIC assessments — which rise and fall with the level of banks' risk exposure — are projected to total $9 billion this year, down from $9.7 billion in 2013. The agency reported the projections as part of its semiannual update on trends in the Deposit Insurance Fund.

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