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FDIC Fund Falls to $10.4B as Banks Struggle

Government will likely have to charge bank fees to replenish it

By Kevin Spak, Newser Staff

Posted Aug 27, 2009 11:02 AM CDT

(Newser) – The FDIC's fund for protecting bank deposits fell in June to just $10.4 billion—the lowest balance since the savings and loan crisis—all but ensuring that the government will have to levy new fees on banks to replenish it, the Wall Street Journal... Read full story »

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FDIC Fund Falls to $10.4B as Banks Struggle

Government will likely have to charge bank fees to replenish it

FDIC • banking industry • financial crisis • Sheila Bair

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More Newser Stories

Better Than a Bailout: Boost FDIC Coverage to $1M

Higher deposit insurance would bring money in, help thaw credit markets

Sheila Bair to Leave FDIC in July

Chair weathered financial crisis, oversaw closure of 350-plus banks

FDIC's Failed Bank Tab: $9B

But officials and execs cite successful effort to battle bad loans

FDIC Launches 50 Criminal Inquiries of Failed Banks

But it won't name names yet

Lending Falls at Fastest Rate Since 1942

Boatload of bank failures likely in 2010

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