WASHINGTON - The era of free deposit insurance is nearing an end.

Federal Deposit Insurance Corp. officials say the current system - which enables almost 93% of banks to pay nothing in good times, but steep fees in tougher times - needs an overhaul, and they have proposed two alternatives.

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.