The FDIC is preserving the current adjusted rate schedule for assessments paid to the Bank Insurance Fund (BIF) for the second semiannual period of 1997 (July-December), and for subsequent semiannual periods subject to review on a semiannual basis. Absent action by the FDIC, the BIF rates would revert to the base rates, which are 4 basis points higher. The resulting assessments would exceed the amount allowed by law. The FDIC is issuing the final rule without prior notice and comment under the procedure established by the FDIC's regulations for making limited adjustments to base assessment rates. The final rule removes obsolete provisions regarding the special assessment and pre-1997 rates, and clarifies other provisions without altering their substance.