Bank insurance fund premiums will be maintained at the current rates for the first half of 1997, according to a vote by the FDIC board. Premiums range from zero for well-capitalized, well-managed banks to 27 basis points for the weakest institutions. FDIC officials indicated that more than 94% of banks will go an additional six months with no BIF premiums.
Jan. 2, however, both BIF and Savings Association Insurance Fund members were to be assessed for FICO interest payments. The FDIC announced that the FICO rate to BIF members for the first six months of 1997 is to be .64 cents per $100 in deposits, for an annualized rate of 1.28 cents.
The FDIC said it expects to mail …
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