FDIC to tap banks for three years of assessments in $45bn payday

The Federal Deposit Insurance Corporation (FDIC) will seek to replenish its diminishing deposit insurance fund (DIF) with a $45 billion cash injection from US financial institutions. The regulator will require banks to prepay more than three years' worth of quarterly risk-based assessments on December 30, and raise assessment rates by 3 basis points from 2011 under the terms of a new DIF restoration plan.

During a meeting of the board of directors at FDIC headquarters in Washington, DC, senior

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