Thrift premiums could top banks' under funding bill, FDIC says

Savings and loan associations may end up paying 6 to 9 basis points more than banks for deposit insurance under new rules being considered by Congress. Thrifts are currently insured through the Savings Association Insurance Fund (SAIF). The thrift fund would be forced out of business if it had to pay more than banks, which are insured through the Bank Insurance Fund. Thrift industry experts estimate baseline losses for SAIF at $2.7 billion for fiscal 1994.
WASHINGTON - The Federal Deposit Insurance Corp. says that savings and loans could end up paying 6 to 9 basis points more than banks for deposit insurance under legislation being [...]