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Real Estate & Property Law

: Housing Wire

FDIC Ups Deposit Insurance Premiums; ABA Cautious

By PAUL JACKSON

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Most banks are set to see their deposit insurance premiums double next year, after the Federal Deposit Insurance Corp. announced Tuesday it had voted to adopt a final rule increasing risk-based assessment rates uniformly by 7 basis points (7 cents for every $100 of deposits), on an annual basis, for the first quarter of 2009. The [...]

Full post as published by Housing Wire on December 16, 2008 (boomark / email).

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