WASHINGTON — Apparently all the years of anxiety over the Deposit Insurance Fund's reserve ratio were a waste of time.

The Federal Deposit Insurance Corp. on Tuesday said the DIF is headed to insolvency and will stay there for at least three years. Rather than rebuild it immediately to the statutory 1.15% reserve level, the FDIC plans to meet its liquidity needs by raising $45 billion from banks' prepaying the next few years' worth of premiums.

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