Banks to be asked for billions to shore up FDIC deposit fund

US BANK regulator the Federal Deposit Insurance Corporation (FDIC) is today expected to pass a measure to ask banks to pay $36bn (&pound;22.7bn) to shore up is dwindling deposit insurance fund. <br /><br />The FDIC board is set to meet today and will ask US banks to pay three years of regular contributions in advance to boost the regulator&rsquo;s funding pot, which has fallen to $10bn from $50bn as the body has covered depositor losses at 95 failed banks over the last year.&nbsp;&nbsp; <br /><br />The FDIC is likely to propose the banking industry prepay their insurance premiums for 2010-2012, bringing in about $12bn for each of the three years, making a total of $36bn.<br /><br />It is thought that banks that are struggling under huge losses on commercial real estate and other bad loans may get a waiver to pay their levies at a later date. The timing of the payments has not yet been worked out.<br /><br />FDIC Chairman Sheila Bair said earlier this month that she was &ldquo;considering all options, including borrowing from Treasury,&rdquo; to replenish the insurance fund. But the regulator now thinks this would be seen as another taxpayer-financed bailout.