The Federal Deposit Insurance Corp. is to meet next week to consider whether to extend its blanket guarantee for non-interest-bearing checking accounts and a plan to dictate requirements for private-equity firms that take over failed banks.
The agency's board has scheduled an open session for Wednesday afternoon. The two proposals have been extensively debated in the past month. Private-equity firms strongly oppose a July proposal that would require them to keep a failed bank for at least three years and to satisfy higher capital requirements. The agency has indicated it plans to soften some of these requirements, including reducing a proposed minimum capital ratio to as little as 8%, from 15%.
Bankers have also been divided on whether to extend the FDIC's guarantee for transaction accounts, a program begun last year to combat the financial crisis.