Image via Wikipedia

There is speculation that U.S. banks are likely to see higher insurance premiums for FDIC coverage. With banks continuing to fail (although no more large ones recently), there are concerns about the amount of money the FDIC is paying out to depositors.

As a result, in order to be insured with the FDIC, banks may have to start paying higher premiums. Of course, banks are likely to pass these costs on to customers — possibly in the form of fees. Additionally, the FDIC may extend its Temporary Liquidity Guarantee Program. Currently, it extends only three years, but the FDIC is considering extending it to 10 years to better help with the economic recovery.

Visit the FDIC Web site for more information on how the FDIC works.