Federal Deposit Insurance Corp. Chairwoman Sheila Bair wants large financial institutions to pay an upfront levy to cover the cost of a major bank failure. "I think it would be for both in aggregate about $10 billion a year," she said. "It is not an insignificant amount of money but spread over the largest institutions that would be paying into it ... I don't think it would be a tremendous hit to their balance sheet." However, Bair indicated a willingness to negotiate on the matter.