Word: deposited
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Dates: during 2000-2009
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...Participants in the talks, including officials from the Treasury Department, the Federal Deposit Insurance Corp. (FDIC), the Department of Housing and Urban Development (HUD) and other agencies, are focusing on two possible plans, say sources familiar with the discussions...
...FDIC is the last line of reassurance for American account holders. How are you doing in the war against fear? BAIR: We've undertaken a vigorous public education campaign about deposit insurance and our strong record of nobody ever losing a penny on their insured deposits in over 75 years. In terms of bank failures, we have dealt with a lot worse than this. During the S&L days, they were closing one bank a day for a while. As bad as things are, to some extent depository institutions have been a little bit insulated because there is a stronger...
...sale") of the country's sixth largest bank, Washington Mutual, and helped negotiate the forced sale of superregional Wachovia bank to Citi (only to see the deal, in an embarrassing turn, break down when Wells Fargo snatched up Wachovia instead). She got Congress to boost the ceiling on deposit insurance temporarily from $100,000 to $250,000. And in a move to bolster the FDIC's finances, she wants to double the average premium that banks pay to have FDIC insurance...
...stability far greater than in the 1930s--or even the '20s. The kinds of "runs" on savings institutions that we watch Jimmy Stewart battle every Christmas season are all but unimaginable, thanks in large measure to the psychological reassurance provided by a landmark New Deal innovation, the Federal Deposit Insurance Corporation (FDIC), whose authority to guarantee bank deposits has recently been expanded. And today's federal outlays make up nearly 20% of GDP, with state- and local-government spending adding another 10%--weighty ballast in the face of economic bad weather...
...made to render bank debt safer has had the unintended consequence of making Fannie and Freddie's bonds less safe by comparison. So Fannie and Freddie's investors have to be compensated for the increased risk. In particular, traders say, the move in the past week by the Federal Deposit Insurance Corp. to temporary offer unlimited deposit insurance for non-interest bearing accounts and guarantee roughly $1.4 trillion in new unsecured bank debt has caused a rush of selling of the bonds of Fannie and Freddie. That's because the FDIC's move makes bank debt more attractive...