Factbox-US banks outline expected costs to replenish FDIC’s deposit insurance fund

(Reuters) – U.S. banks have started to detail the expected impact to their costs from the “special assessment” fee they have to pay to replenish the Federal Deposit Insurance Corporation’s deposit insurance fund.

In May, the banking regulator said large U.S. lenders would bear most of the costs to replenish the fund.

Here is what banks have disclosed so far:

Expected

Bank Estimated costs timeline to recognize

costs

Wells Fargo (NYSE:) Up to $1.8 bln Will expense the entire

pre-tax amount upon FDIC’s

finalization of the

proposal.

Bank of Non-interest Cost would be recognized

America expense of upon finalization of the

nearly $1.9 bln proposal.

Goldman About $400 mln Expense would be

Sachs Group pre-tax recognized entirely in

the quarter in which the

rule is adopted.

PNC Nearly $468 mln Would be incurred in the

Financial pre-tax, or $370 quarter the FDIC

Services mln after-tax finalizes the proposal.

Group

Source: Bank quarterly filings