National News

FDIC may cut special assessment in half

The FDIC indicated that it may reduce the special assessment it proposed on Feb. 27 to 10 basis points from 20, if Congress increases the agency’s line of credit with the U.S. Treasury.  Sen. Chris Dodd, chairman of the Senate Banking Committee, authored legislation that would permanently raise FDIC’s credit limit at Treasury from $30 billion to $100 billion and temporarily raise it to $500 billion. Similar legislation has already passed in the House. The special assessment is part of FDIC&rsquo . . .

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