FDIC May Assess Special Fee: The agency...
From Times staff and Wire reports
FDIC May Assess Special Fee: The agency that insures bank accounts said the one-time premium may be needed should the rate of bank failures increase next year. The special rate could run as high as 50 cents per $100 in deposits for a one-year period, which would raise $12.2 billion. The current assessment rate is scheduled to rise to 19.5 cents per $100 of deposits from 12 cents now. The bank insurance fund is expected to remain under pressure, in part because of the deteriorating real estate market.
