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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment
> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
So banks are going to have to cough up extra money beyond their normal FDIC premiums for this.
But it's not like those costs will be passed on to customers, right? /s
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> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
So banks are going to have to cough up extra money beyond their normal FDIC premiums for this.
But it's not like those costs will be passed on to customers, right? /s