WASHINGTON — The Obama administration proposed Monday to raise the required level of reserves at the Federal Deposit Insurance Corp. to more than $80 billion — a move that would require banks to pony up a huge amount of money.

In its proposed 2011 budget, the White House, citing the insolvency of the Deposit Insurance Fund, said that allowing the ratio of reserves to insured deposits to fluctuate in a range of 1.15% to 1.5% has proven "inadequate to handle the unexpected risks and losses that come with a downturn in the economy."

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