In May, there was no question the Federal Deposit Insurance Corp. needed the revenue that a 22% spike in premiums would generate next year.

But the issue was no longer black and white by Tuesday, when the agency decided it could make do with less of an increase. It didn't even raise the premium rate for the three-fourths of insured banks and thrifts that are deemed the best managed and best capitalized.

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.