    [Public Papers of the Presidents of the United States: William J. Clinton (1993, Book I)]
    [June 24, 1993]
    [Page 931]
    [From the U.S. Government Publishing Office www.gpo.gov]

    [[Page 931]]

    Statement on Credit Availability
    June 24, 1993

        Today's announcement by the FDIC is another tangible benefit brought
    on by the progress of our deficit reduction plan and the lower interest
    rates it has produced. Fewer bank failures means more and cheaper bank
    loans to America's businesses and communities. It means billions of
    dollars more for new jobs, new businesses, and helping families buy new
    homes. It shows once again how critically important it is for Congress
    to lock in the benefits of lower interest rates and deficit reduction by
    approving the Clinton economic plan.