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FDIC Ups Deposit Insurance Premiums; ABA Cautious 

Dec 16, 2008By

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.

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