Though the Clinton administration and Federal Deposit Insurance Corp. see the state of the Savings Association Insurance Fund as increasingly dire, it's becoming less likely that there will be a new savings fund rescue attempt in Congress.

Speaking at a Women in Housing and Finance conference here Thursday, senior officials at the Treasury Department and FDIC warned of a shrinking thrift fund and imminent default on Financing Corp., or Fico, bonds as thrifts flee deposit insurance premiums 23 basis points higher than those paid by Bank Insurance Fund members.

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