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Archive Home > 2009 > September > 30 > FDIC seeks $45B from banks

FDIC seeks $45B from banks

Prepaying premiums would help bolster deposit insurance fund

By Jim Puzzanghera / The Bulletin
September 30, 2009

Despite signs of economic improvement, banks continue to fail at a brisk pace, forcing regulators to scramble to keep the industry-financed deposit insurance fund from running out of cash.

With the deposit insurance fund technically falling into the red today, the Federal Deposit Insurance Corp.....

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