FDIC Reform

The Federal Deposit Insurance Corp. unveiled various options for reforming deposit insurance. It outlined possible legislative changes relating to the nature and size of the insurance funds, the pricing of premiums, and the amount of coverage. Options include moving to a "user fee" system under which all institutions pay a small, steady premium each year, changes in the risk-based pricing plan to include market information, and increasing the coverage limit to $200,000 per account. Released Aug. 8. Not yet published in the Federal Register but available at www.fdic.gov. No comment deadline was set.

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