a draft of the deposit insurance act was approved by the cabinet in november 2004. principally, the deposit guarantee will be reduced to a maximum of 1 million baht per depositor per financial institution (reduced gradually over a period of 4 years). this would not affect most depositors as deposits of less than 1 million baht constitute 98.6% of all deposits in the banking system (as of march 2005). this act should go through parliament in the next year or so.