Synopses & Reviews
Synopsis
Excerpt from The Condition of the Savings Association Insurance Fund (Saif): Hearing Before the Committee on Banking, Housing, and Urban Affairs United State Senate, One Hundred Fourth Congress, First Session on the Difficulties Facing the Saif to Pay the Remaining Costs of the Failures and the Forthcoming Bif-Saif Premium Dis Par
The General Accounting Office's dire prediction may come true sooner than some would like to recognize. Under current law, the fdic must lower the bif premiums as soon as it determines that bif 1s fully capitalized.
I understand that the Federal Deposit Insurance Corporation is expected to make this determination in the near future. We've asked Chairman Helfer to be here today to shed light on this, and we have Mr. Greenspan, Mr. Hawke, and Mr. Fiechter to address the topic.
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