The Federal Deposit Insurance Corp. on Tuesday freed virtually all banks and thrifts from paying deposit insurance premiums for the first half of 1999.

Despite growing concern about loan underwriting standards and the global economy, the FDIC's board concurred with agency staff that investment income from the insurance funds' reserves would outstrip failure-related losses during the period.

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.