FDIC Checkup
Thursday, August 27, 2009
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The money in the Federal Deposit Insurance Corporation's coffers is dwindling. Thanks to the financial crisis, the FDIC only has $10 billion in uncommitted funds left to insure deposits. As NBR's Darren Gersh reports in tonight's program, FDIC Chair Shelia Bair isn't worried though more banks could fail. Learn more about the FDIC here.
Discuss this story on XChange - The NBR Blog.
FDIC Finances
| FDIC Finances August 2009 |
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| Deposit Insurance Fund | $42 Billion |
| Uncommitted Funds | $10 Billion |
| Problem Bank Assets | $300 Billion |
Related NBR Stories & Links
- 08-26-09: How to Buy a Failed Bank According to Alex Pollock of the American Enterprise Institute
- 11-14-08: The FDIC's Home Sweet Home Plan
- 10-09-08: Former FDIC Chairman William Isaac Talks About Possible Cash Injections into Banks
- 07-25-08: Interview with Sheila Bair (Includes Video)
- 07-15-08: "XChange, The NBR Blog" - Bail Out City III
External Links/Articles*
- Federal Deposit Insurance Corporation (FDIC)
This links to the "Deposit Insurance" section of the FDIC website. Here you can research your banks, calculate how much of your deposits are insured, and explore other resources. - RGE Monitor
RGE Monitor is an economic analysis firm headed by Nouriel Roubini, a professor of economics at NYU's Stern School of Business. This links to an August 29, 2008 blog entry on the RGE Monitor website titled, "Is the FDIC Another Troubled Monoline?" - Knowledge@Wharton
Knowledge@Wharton is the online business journal of the Wharton School of Business at The University of Pennsylvania. This links to a June 10, 2009 article published in the journal. The article is titled, "Warning: big Financial Firms May be Riskier Than They Appear." - U.S. Government Accountability Office (GAO) (PDF Document)
The GAO's "mission is to help improve the performance and assure the accountability of the federal government for the benefit of the American people." This links to a May 2009 report issued by the GAO. The report is titled, "Financial Audit: Federal Deposit Insurance Corporation Funds' 2008 and 2009 Financial Statements."
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
