Oral statement of Donna Tanoue, Chairman, Federal Deposit Insurance Corporation before the Subcommittee on Financial Institutions and Consumer Credit Committee on Banking and Financial Services, U.S. House of Representatives.

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M2 PRESSWIRE-16 February 2000-FDIC: Oral statement of Donna Tanoue, Chairman, Federal Deposit Insurance Corporation before the Subcommittee on Financial Institutions and Consumer Credit Committee on Banking and Financial Services, U.S. House of Representatives (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:16022000 Thank you, Madam Chairwoman and members of the Committee.

I appreciate this opportunity to testify on behalf of the FDIC regarding the merger of the insurance funds and related issues. This morning I will discuss three points: One, why the funds should be merged; two, why there is no magic number for a deposit insurance fund; and, three, why the Congress should exercise great caution in considering rebates to insured financial institutions or a...