Recent Bank Failures Too Much For FDIC NPR Morning Edition | September 30, 2009| | . Provided by ProQuest LLC. (Hide copyright information) Copyright

STEVE INSKEEP
NPR Morning Edition
09-30-2009
Recent Bank Failures Too Much For FDIC

Host: STEVE INSKEEP
Time 11:00-12:00 PM

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STEVE INSKEEP, host:

The Federal Deposit Insurance Corporation is running out of cash in its insurance fund - the one it uses to guarantee bank deposits. So as bank failures mount, the FDIC has an idea for how to replenish the critical funds. It wants banks to prepay billions of dollars that they would normally pay into the fund over the next several years.

NPR's John Ydstie reports.

JOHN YDSTIE: The FDIC has upped its estimate of the cost of bank failures ...

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