Browsing: Deposit insurance

Economy Gruenberg: Bank On helping to reduce the number of unbanked

Economic conditions alone can’t account for the drop in unbanked individuals and families in the U.S. over the past decade, with efforts such as Bank On possibly responsible for a significant portion of that decline, FDIC Chairman Martin Gruenberg said.

Newsbytes FDIC: Deposit insurance fund on track for recovery

The Deposit Insurance Fund could be replenished as early as 2024 under a restoration plan adopted by the FDIC last year, although a special assessment is required to recover losses resulting from the recent bank closures, according to an agency report.

Newsbytes Fed proposing to make master accounts data public

The Federal Reserve will seek public comment on a proposal to publish a periodic list of depository institutions that have access to Fed accounts—often referred to as “master accounts”—and payment services, the agency announced today.

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