FDIC likely to double fees charged to banks - WSJ

NEW YORK Feb 26 (Reuters) - U.S. federal regulators are expected to more than double the fees they charge banks in an effort to replenish the government's deposit-insurance fund, the Wall Street Journal reported on its website, citing people familiar with the matter.

"It's a value and, unfortunately, we're going to have to charge more for it," Federal Deposit Insurance Corp (FDIC) Chairman Sheila Bair told reporters on Thursday, the report said.

But Bair declined to comment on the specific level of the fee increase, said the article.

The FDIC is scheduled to hold an open meeting later on Friday to set new premiums for the second quarter. Premiums are fees the FDIC charges banks for having their deposits insured by the government. (Reporting by Euan Rocha, Editing by Ian Geoghegan)