Thrift Notes: Thrifts' Plea to FDIC: Cut Our Premiums, Too

WASHINGTON - Thrifts urged the Federal Deposit Insurance Corp. to lower their insurance premiums as long as the agency is dropping premiums for commercial banks.

The request came in a letter last week from Paul A. Schosberg, president of the main S&L trade group - now known as America's Community Bankers - to FDIC Chairman Ricki Tigert Helfer. He urged her to lower Savings Association Insurance Fund premiums to 18 basis points per $100 of insured deposits, down from the current average premium of 25 basis points.

The FDIC is expected today to consider lowering premiums for the Bank Insurance Fund.

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