WASHINGTON - The Federal Deposit Insurance Corp. will drop the number of safety and soundness exams it does in 1994 by 11%.

According to documents explaining the FDIC's 1994 budget, safety and soundness exams will shrink by 483 next year to 5,482. The main reason: The FDIC's power to do backup exams on national banks and thrifts was cut.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.