FDIC to disclose plans for shoring up insurance fund today

With its insurance fund being drained rapidly by failed banks, the FDIC will disclose today how much is left in the fund and update the number of banks on its trouble list. It will also announce how it plans to shore up the fund both short-term and long-term.

As of March 31, the fund was down to $13 billion it's lowest point since the S&L crisis in 1992 when the fund dropped to $178 million and the FDIC had to borrow $15 billion from the U.S. treasury and repay it with interest.