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"But we handle them with means other than our insurance fund."
Unemployment insurance funds can be used only to pay claims.
These premiums go into a bank insurance fund that is already short of money.
What the banks paid could go only to build up their insurance fund.
The actual value of the insurance fund is in dispute.
And he said there was "some equity in the insurance fund that can go toward the problem."
That figure does not include thrift insurance funds used before 1986 or after 1996.
In fact, the Government insurance fund has never had to pay out a cent on a failed bank.
What happens when this insurance fund runs out of cash?
Some officials want to tap the commercial banks' insurance fund.
The insurance fund is paid for by taxes on employers.
The proposed measures will probably make the financial situation of the insurance funds worse.
When it is exhausted, customers could then look to insurance funds.
Over the past few months, the problems of the insurance fund have snowballed.
Additional funds came from the State insurance fund and community contributions.
The main health insurance fund has been managed by Government and the unions together since 1945.
"They really understand that the deposit insurance funds make up the losses."
Yes, the Federal insurance fund for bank deposits needs fixing.
Most general physicians are in private practice but draw their income from the public insurance funds.
Congress did not pour money into a nearly empty deposit insurance fund.
Later, he led the agency to increase the contributions paid by banks into the insurance fund.
This insurance fund is something that I have already requested on other similar occasions.
As is the case with the deposit insurance fund, Congress has no choice but to approve this money.
The proposal comes at a time when concern over the health of the nation's deposit insurance fund is growing.
Competition among the state insurance fund and private carriers kept premiums low.