In my modest opinion, efficiency is the key to untie the knots of the extricable intermediary complexity, therefore increasing credit and is expected to stimulate further economic growth. Efficiency as well encourages the banks behaviours in providing prudential, selective, productive and prospective credit. Such behaviours in the long run will accelerate the prudential banking practices, which is the prerequisite of financial stability.
In the Board's judgment, increasing the coverage, even by indexing, is unlikely to add measurably to the stability of the banking system. Macroeconomic policy and other elements of the safety net -  combined with the current, still-significant level of deposit insurance - continue to be important bulwarks against bank runs.