FDIC considers levying fee against banks to replenish fund

05/19/2009 | Wall Street Journal, The

Bank of America, JPMorgan Chase, Citigroup and other large banks would pay proportionately more than smaller lenders in a proposal being considered by the Federal Deposit Insurance Corp. to levy a one-time fee against banks. FDIC officials are considering calculating the fee based on banks' asset size rather than deposit levels. Dozens of bank failures during the past 1 1/2 years depleted the agency's fund.

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