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Feb. 27 (Bloomberg) -- The Federal Deposit Insurance Corp. will consider imposing a one-time “emergency” fee and increase regular fees on U.S. banks to replenish a fund for insuring customers’ deposits that’s been drained by a surge in bank failures, the agency said.
FDIC staff members at a board meeting today in Washington will recommend charging banks an “emergency special assessment” in response to an estimate that bank failures could cost the fund $65 billion through 2013, according to a memo outlining the proposal. The added fees are projected to generate $27 billion this year, compared with the $3 billion raised in 2008, the FDIC said.
FDIC staff members at a board meeting today in Washington will recommend charging banks an “emergency special assessment” in response to an estimate that bank failures could cost the fund $65 billion through 2013, according to a memo outlining the proposal. The added fees are projected to generate $27 billion this year, compared with the $3 billion raised in 2008, the FDIC said.
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