FDIC to consider ways to replenish deposit fund

Posted on: September 22, 2009
No comments yet

WASHINGTON, Sept 18 (Reuters) – U.S. bank regulators are considering tapping a line of credit with the U.S. Treasury Department and may explore other lesser-known options to replenish the dwindling fund that safeguards bank deposits.

Federal Deposit Insurance Corp Chairman Sheila Bair said on Friday that the agency would meet at the end of the month to discuss options to rebuild the fund, which has been significantly drained by a sharp increase in bank failures.

Read entire article

Leave a Reply

Send To Twitter What's This?

Powered by WP Hashcash