TITLE

Bair: Borrowing from Banks Not Best Option to Help DIF

AUTHOR(S)
Monks, Matthew
PUB. DATE
September 2009
SOURCE
American Banker;9/28/2009, Vol. 174 Issue 179, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Sheila Bair, Chairman of the Federal Deposit Insurance Corp. (FDIC) said that borrowing from banks was not "a preferred option" to add to the FDIC's cash reserves. The FDIC's reserves have declined in 2009 as a result of increasing bank failures. Bair said either borrowing from the Treasury Department or assessing additional fees on the FDIC's member banks would be better means of obtaining added funds.
ACCESSION #
44343285

 

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