WASHINGTON — As the Federal Deposit Insurance Corp. weighed Tuesday whether to extend a blanket guarantee for non-interest-bearing deposits, the agency revealed that the program has already lost money.

Since the program's inception in October, the agency has paid out $840 million to cover deposits but is set to charge only $700 million in fees. If that $140 million gap is not made up by the time the program expires at yearend, the industry could face a special "systemic risk" premium.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.