Indeed, none of the states that allow local credit unions to operate without Federal deposit insurance have pledged state money to repay depositors should the insurance plan fail.

The amount paid out is far short of the $800 million set aside under the settlement to repay depositors and their heirs.

The agency said that failing to repay completely all depositors of the third-largest banking company in New England would have been catastrophic for the region's economy.

The rescue plan is mainly intended to repay depositors and extricate Abu Dhabi, which denies any role in the fraud, from a flood of potential litigation.

Kaupthing Bank Liquidation Committee has announced that it has secured funds to repay German depositors.

Using his Yukos wealth, he has repaid Russian depositors who lost their savings when Menatep, a bank he ran collapsed in 1998.

But it seems that for now the Government will not move to bail out banks unless they are on the verge of collapse and may not be able to repay depositors.

But the budget office said today that an additional $100 billion might be required to repay insured depositors of failed institutions through 1995.

Mr. Sundlun announced plans on Tuesday for repaying depositors whose money is tied up.