Federal Deposit Insurance Corporation
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State's sanctioned banks few, improving...of Arkansas-based banks have been placed under federal sanctions, less than the national average of 6.8 percent, according to the Federal Deposit Insurance Corp. Subscribers must LOG-IN to read this full story. Access is free for print... In this article: Federal Deposit Insurance Corp. and Arkansas |
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USATODAY.com | 5 days ago
FDIC reports biggest drop for business loans on record
Search hundreds of franchises and business opportunities to find the one that is right for you. FDIC reports biggest drop for business loans on record By Paul Wiseman and Pallavi Gogoi, USA TODAY U.S. banks are earning money again,...
In this article: FDIC, USA Today, Richard Posner, University of Chicago, Boston College, Small Business Administration, and U.S.
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Reuters | 5 days ago
FDIC fund falls into red, Bair urges lending
In this article: FDIC, U.S., Balance sheet, Revenue, Recession, and Office of Thrift Supervision
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washingtonpost.com | 5 days ago
FDIC fund falls into red, Bair urges lending
...of $8.2 billion in the third quarter, the first shortfall since 1992, the Federal Deposit Insurance Corp said on Tuesday. Although the FDIC still has $23.3 billion in cash resources to handle bank failures, its fund balance veered into the...
In this article: FDIC, Balance sheet, Revenue, Recession, and U.S.
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washingtonpost.com | 5 days ago
Banks earn $2.8B in 3Q; FDIC says dangers persist
...and were one of several key indicators at their worst levels in 26 years of record-keeping, the FDIC said. The number of banks on the FDIC's "problem list" rose to 552 from 416 on June 30, the highest level in 16 years. Fifty banks failed...
In this article: FDIC, Recession, Wall Street, Balance sheet, Unemployment, Federal Reserve, and Treasury Department
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NPR | 5 days ago
Banks Still Ailing, FDIC Insurance Fund Negative
...sheets, but they were buoyed by higher operating revenues and a revived market for securities, the FDIC said. The number of banks on the FDIC's "problem list" rose to 552 from 416 on June 30, the highest level in 16 years. Fifty banks...
In this article: FDIC, Recession, Balance sheet, Revenue, and Bank failures
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Description 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 8,195 institutions.
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.
- Name:
- Federal Deposit Insurance Corporation
- Also Known As:
- FDIC
- Headquarters:
- Washington, D.C.
- Founding Date:
- June 16, 1933
- Head:
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- Sheila C. Bair
- Martin J. Gruenberg
- No. of Employees:
- 5,381 (2009, Q1)
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