WASHINGTON — With losses expected to top $40 billion over the next five years, the Federal Deposit Insurance Corp. on Tuesday proposed doubling the fees it charges banks and thrifts for the government's protection.

On average, financial institutions would pay 13.5 cents per $100 in domestic deposits under the plan. Most banks would pay in a range of 8 to 21 basis points, depending on their chances of failure and potential cost to the Deposit Insurance Fund.

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