Since 2007, banks have more than doubled the balance of the FDIC insurance fund that protects deposits to a record $110.3 billion.
Browsing: Deposit insurance
The FDIC today issued two sets of frequently asked questions addressing banker and consumer concerns related to the coronavirus pandemic.
The FDIC today approved the deposit insurance application submitted by San Francisco-based Square, Inc., a payment services provider, to create a de novo industrial bank.
The FDIC today issued a proposed rule to require certain conditions and commitments for each deposit insurance application approval by an industrial loan company whose parent company is not subject to Federal Reserve supervision.
The FDIC today announced several changes to its Deposit Insurance Application Procedures Manual.
Ceding to ABA’s request, the FDIC agreed to rebate outstanding assessment credits after these have applied against premiums for four quarters—instead of waiting for eight quarters.
In a comment letter to the FDIC today, the American Bankers Association again called on the agency to return deposit insurance assessment credits owed to banks as expeditiously as possible, so that they can support the institutions’ lending and liquidity.
ABA today welcomed the FDIC’s proposal to set how it applies deposit insurance assessment credits and urged the FDIC to “return the credit funds as expeditiously as is feasible to those banks to which they are due.”
The FDIC today proposed to amend its rule that determines when assessment credits can be used.
The FDIC today approved two long-awaited final rules to resolve workability issues with its deposit insurance regulations.