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  2. Federal Deposit Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Federal_Deposit_Insurance...

    The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [ 8 ] : 15 The FDIC was created by the Banking Act of 1933 , enacted during the Great Depression to restore trust in the American banking system.

  3. Trump advisers seek to shrink or eliminate bank regulators ...

    www.aol.com/news/trump-advisers-seek-shrink...

    Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could be absorbed into the Treasury Department ...

  4. Federal Deposit Insurance Corporation Improvement Act of 1991

    en.wikipedia.org/wiki/Federal_Deposit_Insurance...

    It allowed the FDIC to borrow directly from the Treasury department and mandated that the FDIC resolve failed banks using the least costly method available. It also ordered the FDIC to assess insurance premiums according to risk and created new capital requirements.

  5. Bank regulation in the United States - Wikipedia

    en.wikipedia.org/wiki/Bank_regulation_in_the...

    The United States was the second country (after Czechoslovakia) [9] to officially enact deposit insurance to protect depositors from losses by insolvent banks. In 1933 the Glass–Steagall Act established the Federal Deposit Insurance Corporation (FDIC) to insure deposits at commercial banks.

  6. The FDIC change that leaves wealthy bank depositors ... - AOL

    www.aol.com/finance/fdic-change-leaves-wealthy...

    Under the old FDIC rules, each beneficiary of the trust would get $250,000 in insurance protection. So, for example, if the trust named 10 beneficiaries, then that account would be insured for $2. ...

  7. The oversight of US banks could be in for some big changes ...

    www.aol.com/finance/oversight-us-banks-could-big...

    The FDIC, he added, should go back to its original mission as a deposit insurer — as opposed to a bank supervisor. He does not share the view that the FDIC should be abolished altogether.

  8. Financial Institutions Reform, Recovery, and Enforcement Act ...

    en.wikipedia.org/wiki/Financial_Institutions...

    The Savings Association Insurance Fund (SAIF) took the place of the FSLIC as an ongoing insurance fund for thrift institutions (like the FDIC, the FSLIC was a permanent corporation that insured savings and loan accounts up to $100,000). SAIF is administered by the Federal Deposit Insurance Corporation.

  9. ‘One of the dumbest ideas’: Abolishing the FDIC could ...

    www.aol.com/one-dumbest-ideas-abolishing-fdic...

    The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks.