...Finance Agency and the Treasury to place the government-sponso red enterprises (GSEs) Fannie Mae and Freddie Mac into conservatorship and our work with the FDIC and other bank regulators to assist in the resolution of troubled depositories, such as...
...liquidity to a range of financial institutions, working with the Treasury and the Federal Deposit Insurance Corporation (FDIC) to help stabilize the banking system, and providing backstop liquidity to the commercial paper market. The Federal Reserve...
...doesn't reveal the latest casualties until after markets have closed. According to the Washington Post, this week the FDIC acknowledged "that the list of banks it considers to be in trouble shot up by 46 percent, to 171, during the third quarter." (Note...
...said there are a small number of Iowa banks in the same situation, but nothing like what we saw in the 1980's. If you want to check on how your bank is doing, the FDIC makes it's records available online:...
...the money from the $700bn bail-out fund. Mike Krimminger, senior policy adviser to Ms Bair, told the Financial Times the FDIC plan was the âthe only realistic way of dealing with the loans that are in securitisations, using the market to accomplish...
...at one insured bank if you own deposit accounts in different "ownership categories." Congress has temporarily increased FDIC deposit insurance from $100,000 to $250,000 per depositor through Dec. 31, 2009. The FDIC provides separate coverage for...
Background
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance which currently guarantees checking and savings deposits in member banks up to $100,000 per depositor. The vast number of bank failures in the Great Depression spurred the United States Congress into creating an institution which would guarantee deposits held by commercial banks, inspired by the Commonwealth of Massachusetts and its Depositors Insurance Fund (DIF).
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Timeline
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2 days ago from KCCI Des Moines