Insured banks saw rapid deposit growth during the second quarter and a deep decline in net income, year over year, amid ongoing economic strains related to the coronavirus (COVID-19), the Federal Deposit Insurance Corp. (FDIC) […]
The “designated reserve ratio” (DRR) for the federal bank deposit insurance fund will remain at 2% in 2020, unchanged from last year and the nine years preceding that, according to filings Tuesday by the Federal […]
A second bank has failed this year as the federal insurer of bank deposits said Friday it closed a Kentucky institution at a cost of $4.5 million. The Federal Deposit Insurance Corp. (FDIC) said it […]
The inspector general office of the federal bank deposit insurance agency, operating despite its most recent funding lapse and using funds from the deposit insurance fund, violated both the Antideficiency Act and the purpose statute […]
Both of the federal insurance funds for deposits and savings in banks, thrifts and credit unions are outlined in a new report from the congressional watchdog about federal insurance programs overall – but the report […]
An estimated $750 million in credits are in store for small, federally insured banks now that the federal bank deposit insurance fund has reached, and exceeded, its statutorily required minimum reserve ratio, the Federal Deposit […]
The federal insurance fund for bank deposits is expected to reach its statutory reserve target by the second half of this year – good news for larger banks, which will see quarterly surcharges end when […]
Praising the distribution of nearly $736 million to credit unions this year, a member of the board of the federal credit union regulator compared credit unions’ experience to that of federally insured banks, which he […]
The Government Accountability Office (GAO) this week released completed audit reports for the financial statements of the Deposit Insurance Fund (DIF) and the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF) for the […]
Posting losses of $1.1 billion, but which were absorbed by premium assessments on insured banks, the Federal Deposit Insurance Corp. (FDIC) Deposit Insurance Fund (DIF) finished fiscal year 2017 with a reserve ratio of 1.28% […]
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