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Every three months, the FDIC publishes its Quarterly Banking Profile (link opens PDF), an invaluable and comprehensive summary of the performance of FDIC-insured financial institutions. If you ...
The drop in deposits, which amounted to 2.5%, was largely due to movement by uninsured depositors who were above the $250,000-per-account level backstopped by the FDIC.
The FDIC released its quarterly look at the banking industry, showing that deposits dropped again in the second quarter and a key measure of profitability tightened.
Non-US citizens are also covered by FDIC insurance as long as their deposits are in a domestic office of an FDIC-insured bank. [17] The FDIC publishes a guide which sets forth the general characteristics of FDIC deposit insurance, and addresses common questions asked by bank customers about deposit insurance. [18] [19]
The FDIC collects, corrects, updates and stores call report data submitted by all insured national and state nonmember commercial banks and state-chartered savings banks on a quarterly basis. Call reports data are a widely used source of timely and accurate financial data regarding a bank's financial condition and the results of its operations.
As of October 2008, depositor accounts are insured by the FDIC up to $250,000 per individual per bank. Banks that are in danger of failing are either taken over by the FDIC, or administered temporarily, then sold or merged with other banks. The FDIC maintains a list of banks showing institutions seized by regulators and the assuming institutions.
Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), speaks at a briefing about the bank and thrift industry earnings for the second quarter 2011 at FDIC headquarters in ...
It also oversees the Federal Home Loan Bank System, regulatory activities of the Federal Reserve System, the Office of the Comptroller of the Currency and the Office of Thrift Supervision within the Treasury Department, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration.