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Fdic stories:
Digest: FDIC approves early payments
Nov 12th, 2009 - Houston Chronicle
FDIC approves early payments U.S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the red, under a plan adopted Thursday by federal regulators. The Federal Deposit Insurance Corp...
U.S. banks to prepay $45 billion to FDIC
Nov 12th, 2009 - MSNBC
WASHINGTON - U.S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the red, under a plan adopted by federal regulators.
The Federal Deposit Insurance Corp...FDIC to require banks to prepay $45 billion to cover failures
Nov 12th, 2009 - Washington Post
The Federal Deposit Insurance Corp. will collect $45 billion from the banking industry to cover the rising cost of bank failures, an unprecedented assessment that reflects...
Dodd Proposes Stripping Fed, FDIC of Bank Regulation Roles
Nov 10th, 2009 - Bloomberg
Nov. 10 (Bloomberg) -- Senator Christopher Dodd proposedcreating a single U.S. bank regulator and stripping supervisionfrom the Federal Reserve and Federal Deposit Insurance Corp...FDIC Takes Over 5 More Banks
Nov 6th, 2009 - CBS News
Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans. The Federal Deposit Insurance Corp...
Fdic videos from YouTube:
- Bank Holiday, FDIC Report...Please take the time to support true news. Rate, Comment, and share this video. Truth would destroy US economic system, Fed warns www.bloomberg.com Fitch online.wsj.com FDIC BROKE and its getting worse www ...
- FDIC's Fund Almost EmptyMore and more banks are failing, but the worst is far from over. 74 federally insured banks have failed so far in 2009, but the number of additional banks on the FDIC's list of problem institutions leaped to 305 ...
- Update: FDIC Report DelayedLink to the FDIC quarterly report section. www.fdic.gov Toll-free numbers: • 877-ASKFDIC (877-275-3342
- FDIC bailout, German electionsalso check me out on facebook.com and twitter.com
Fdic from WikiPedia:
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 guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC insures deposits at 8,246 institutions with $13.5 trillion in assets.
New Deposit Insurance Limits - The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor. For more information visit: Deposit Insurance Simplification Fact Sheet.
Insured institutions are required to place signs at their place of business stating that "deposits are backed by the full faith and credit of the United States Government." Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a failure.
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