Fdic Seeks To Borrow $45 Billion From Banks To Rebuild Reserves

L.A. Times - Business, Los Angeles Times: Business
Tue, 09/29/2009 - 8:18am

Under the agency's proposal, institutions would prepay three years' worth of premiums to the fund that insures customer deposits in case of bank failure. Federal regulators today proposed borrowing $45 billion from the nation's banks to help rebuild the fund that insures customer deposits as an increasing number of failures threaten to drain the fund's reserves.

Sections: news politics business

Topics: bank failures banks billion customer deposit deposits fdic federal reserve

Bill Gates repeats at top of Forbes' list of billionaires
World's richest man got richer with $79. billion in 2015. More
US medicine spending shows rare dip
Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
Microsoft may buy Barnes & Noble's Nook unit for $1 billion
According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
US casino revenue up nearly 5 percent in 2012
Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
YouTube Claims Victory Over TV - Battle Won With One Billion Visitors Per Month
With more than one billion unique visitors every month, YouTube asserted last night that the battle between television and the online video giant is over. YouTube claimed victory with six billion views per month. According to the Wall Street Journal, which cited Mark Mahaney's estimates, a stock analyst at RBC Capital Markets, that YouTube generated about $4 billion in revenue in 2012, up from $2.5 billion in 2011. More