NEW YORK ( TheStreet) -- When I analyze regional banks, I focus on the 24 banks in the PHLX KBW Banking Index ( BKX), which may have peaked at $50.69 on March 19. This index includes the four banks considered "too big to fail" -- JP Morgan ( JPM), Bank of America ( BAC), Citigroup ( C) and Wells Fargo ( WFC).The BKX is up 55.7% since the October 2011 low and is up 24.1% year to date. Looking at the weekly chart for BKX we show that technical momentum (12x3x3 weekly slow Stochastic) reading is declining with BKX above its 200-week simple moving average at $46.00, which is a neutral configuration. My monthly, annual and quarterly value levels are $46.09, $42.98 and $41.10 with a weekly risky level at $51.30. Fundamentally, 11of the 24 members of the BKX are rated a buy according to ValuEngine with the other 14 rated hold. The buy-rated regional banks are: BB&T Corp ( BBT), Citigroup, Capital One ( COF), Fifth Third Bank ( FITB), Huntington Banc ( HBAN), Keycorp ( KEY), PNC Financial ( PNC), Regions Financial ( RF), State Street ( STT), US Bancorp ( USB) and Wells Fargo ( WFC). Regions Financial recently repaid its $3.5 billion in TARP money received from the federal government. The company used proceeds from the sale of Morgan Keegan to Raymond James ( RJF) and a $900 million common stock offering to raise the funds. Wells Fargo recently mailed a notice to companies that have a Small Business Line of Credit Account indicating that the interest rate will rise significantly in this month. This increase may cause some small businesses clients to hold off hiring / expansion plans. With the prime rate at 3.25% the line of credit interest rate goes from 5.75% to 8.25%, as the spread to the funds rate rises from 2.50% to 5.00%. An issue for all 24 big banks is increased assessments to fund the FDIC Deposit Insurance Fund (DIF). Under Dodd-Frank the DIF must be expanded to 1.35% on insured deposits by Sept. 30, 2020. The current reading is an anemic 0.13%. If this rule was in effect today the DIF would have to be at $94.2 billion versus the current $9.2 billion. By Sept. 30, 2020, this amount could be doubled given the 62.6% growth rate of insured deposits over the past four years. Insured deposits are up as a flight to safety of up to $250,000 per bank. These bigger banks are subject to assessments based upon total assets at a higher percentage than the smaller community banks.