WASHINGTON — Federal Deposit Insurance Corp. Chairman Sheila Bair said the agency is considering a further extension of its unlimited coverage for noninterest bearing checking accounts, which is currently due to expire June 30.
"We are absolutely looking at that," Bair said Thursday at an American Bankers Association meeting in Washington. "The key question is: Are we … out of the woods now? Or if we" end the program "are we going to see that trigger liquidity failures? That would end up costing us more money."