Following are excerpts from the speech that FDIC Chairman Ricki Tigert Helfer delivered Feb. 14 in Honolulu at the annual convention of the Independent Bankers Association of America.

As you know, the FDIC board two weeks ago proposed significantly lowering deposit insurance premiums for banks. Sometime around midyear, the Bank Insurance Fund will be recapitalized at the level mandated by Congress. By that point, the banks will have built up a reserve of nearly $25 billion.

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