NEW YORK-- Comptroller of the Currency Eugene Ludwig promised bankers a big round of cuts in fees they pay and vowed to back a cut in deposit insurance rates once the bank fund is recapitalized.

Addressing the annual convention of the American Bankers Association, Mr. Ludwig drew loud applause when he pledged to use his position as a director of the Federal Deposit Insurance Corp. "to press my colleagues... to lower FDIC premiums as soon as the Bank Insurance Fund is replenished."

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