The Federal Deposit Insurance Company, or FDIC, which anticipates a cost of about $23 billion recent bank collapseis reportedly considering shifting more of the burden than usual to the largest banks in the US

What happened: Officials are considering limiting the burden on community lenders by shifting an outsized chunk of spending to large lenders. reported Bloomberg, citing people with knowledge of the matter.

Such a move will likely add to what is already making multi-billion dollar tabs apiece for the likes of JPMorgan Chase & Co JPM, Bank of America Corp BAK And Wells Fargo & Co WFCadded the report.

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Special rating: The FDIC has said it will propose a special assessment of the industry in May to raise a $128 billion deposit insurance fund that will take a beating thereafter the recent collapses of Silicon Valley Bank And signature bank SBNYsays the report.

FDIC, JP Morgan, Bank of America and Wells Fargo did not respond immediately gasoline ga‘s email requests for comments regarding the report.

It is notable that if the FDIC’s main fund takes a hit, the agency can impose a special assessment to expedite the process of replenishing its coffers, the report says. FDIC Chairman Martin Grunberg called at a hearing on Wednesday: “We have the discretion to tailor this assessment to those institutions that have most directly benefited.”

The FDIC has estimated the cost of Silicon Valley Bank’s failure to its Deposit Insurance Fund (DIF) at approximately $20 billion, while it estimates the cost of Signature Bank’s failure at approximately $2.5 billion.

Continue reading: Biden eyes new regulations as Congress plunges into Silicon Valley, signature bank failures