FDIC

The FDIC may have special powers but it only allowed one biggish dismemberment during the crisis, that of Washington Mutual.

He said the FDIC still wanted to test a mechanism for loan auctions but might hold it in reserve rather than activating it for general use.

Ms. Bair said the FDIC has the resources to implement the plan, although it would be overseen chiefly by Treasury.

The provision was inserted into the rescue legislation last week, at the behest of the FDIC, according to people familiar with the matter.

The banking crisis is supposedly over, but outside of the big firms, the number of FDIC problem-institutions has continued to grow.

The name AIG may still be synonymous with everything that went wrong a year ago, but it's FDIC insured -- and yields 1. 75%.

'The two banks were unable to pay the amounts assessed and were closed by their chartering authorities, ' the agency said in a statement.

The FDIC's effort could guarantee $500 billion in bad-loan investments, said a person familiar with the matter.

FDIC Chairman Sheila Bair has said the banking industry's recovery is expected to lag the improvement in the overall economy.

Such a system already exists for American banks that are regulated by the Federal Deposit Insurance Corporation (FDIC).

Authorised investors will prequalify for dollar-for-dollar government equity and up to six times leverage guaranteed by the FDIC.

Quite apart from the cost to the FDIC's deposit-insurance fund, anything close to that would prove logistically overwhelming for regulators.

It would then entrust the running of the company to the FDIC, allowing the agency to borrow money from the Treasury.

Details of that proposal couldn't be learned, but it is expected to be different from that crafted by the FDIC.

But the bank remains hobbled by a "cease and desist" order from the FDIC that limits its deposit-gathering.

The situation is somewhat analogous to a bank run on the sovereign bonds of these countries, with the ECB acting as the FDIC.

Banks may not be willing to part with loans that have not been heavily written down at prices that prevail in the FDIC - backed auctions .

We're working with the Federal Reserve and FDIC, and credit is beginning to move.

Such a decision would require endorsements from the FDIC, Federal Reserve and Treasury Department.

The FDIC's plan was believed to be in advanced stages and some government officials felt it could have been unveiled last week.

"This could lead the way in terms of recreating the securitisation market, as the FDIC deals could end up being the new template. "

The federal government in any case was going to have to pick up the bill, as defaulting banks were insured under FDIC.

The proposal would allow the FDIC to sell the company's assets and renegotiate or reject existing contracts.

"Some type of transactions may require a different type of capital treatment than others, " Dugan told the meeting of the FDIC board.

The details were released in a five-page memo from top FDIC officials and were approved by the agency's board at a meeting Wednesday.

The FDIC would run the bridge bank until it found a buyer.

In July, the FDIC refused to guarantee CIT bond issues, which could be a sign that government approval even after bankruptcy will be tough.

The FDIC is now exploring options for replenishing the fund, including charging banks a special fee or asking them to prepay future fees.

The FDIC is a United States government corporation created by the Glass-Steagall Act of 1933, following the Great Depression.

The FDIC said federally insured banks and 'certain other entities' participating in the program would be eligible.

Also, as you can see, the FDIC is now careening towards broke.

The second-quarter improvement in net income was the smallest gain in nearly two years, according to the FDIC.

Depositors will automatically become depositors of OneWest Bank and continue to be insured by the FDIC, Hernandez said.

In the case of commercial banks, the Federal Deposit Insurance Corporation takes charge.

The FDIC could increase the fee if it felt the case posed a greater risk to the agency.

That sounds like a lot, but it's actually a drop in the bucket compared with the more than 7, 000 FDIC-insured banks in the United States.

Another source of income: The Federal Deposit Insurance Corp. was the vehicle for vital debt guarantees.

The buyers have agreed to continue an experimental loan-modification scheme launched by the FDIC, which could complicate their plans.

Quick action by the FDIC could help to press Congress into agreeing to Treasury secretary Hank Paulson's bailout plan for the banks.

In roughly half of those cases, the FDIC sold off all of the failed banks' deposits, which meant that no depositors lost money.

Mr Dugan also opposes the FDIC's push for sole authority to liquidate failing non-banks, as it already does with banks.

We have a process in place that gives the Federal Deposit Insurance Corporation ample and flexible authority to deal with a failing bank.

Its sale also included the first "clawback" allowing the Federal Deposit Insurance Corporation to share in a buyer's potential gains.

Both lenders confirmed the applications were still pending. The FDIC declined to comment on specific applications.

Although the FDIC sold IndyMac within a few months, it took the government seven years to wind down its stake in Continental Illinois.

It expects the number of failures to start falling next year. It helps that regional banks have cut down their most toxic assets.

FDIC Chairman Sheila Bair, an outspoken critic of the nation's giant banks, on Friday raised concerns about moves to hamper bonus pay.

"The FDIC is dusting off the playbook of the RTC, " said one person involved in the talks.

Sheila Bair , the boss of the FDIC, has said regulators should act as a bridge as firms are wound down.

But even as hefty as the FDIC is today, it doesn't have enough cash to bailout every single bank in the U. S.

Though the numbers are high, most banks being seized these days by the Federal Deposit Insurance Corporation (FDIC) are tiny.

As part of the bill, the FDIC earned expanded authority to borrow taxpayer dollars to back the higher coverage.

Debt has reached excessive levels with FED's leadership. FDIC guaranteed deposits and depositors never questioned bank actions.

Case Studies: Circumventing the FDIC, The New Line of Soap, Mutal Fund Management, A Problem in Performance Evaluation.

More than 100 smaller banks have been seized by regulators in the US this year, with the FDIC stepping in to safeguard customers' deposits.

The FDIC has more than $36bn in assets on its books from failed institutions seized during the financial crisis.

The FDIC resolution regime, he says, does not put creditors at banks at sufficient risk of facing losses.

Sheila Bair, its chairman, insists that she has the legal power and the resources to shut down any financial institution, no matter how big.

The FDIC argues that its resolution authority could have drastically reduced the costs of Lehman's failure.

The FDIC recognizes that insured nonmember banks vary considerably in the way in which they conduct their business on a day-to-day basis.

Two conference rooms on the sixth floor of the FDIC's Washington office housed an implementation working group.

The FDIC will conduct an analysis to determine the amount of funding it is willing to guarantee.

If all you care about is preserving capital, keep your money in an FDIC-insured bank account.

So far in 2010 a total of 15 banks have failed and been taken over by the FDIC (Federal Deposit Insurance Corporation).

FDIC is wary of granting CIT access to its debt program partly because it is not satisfied with the lender's collateral, the source said.

Targeting mortgages that banks no longer want to hold, the Treasury and the FDIC will provide financing to buyers.

The FDIC fund would have been spared the pay-out and the government's Tarp investment may have been protected as well.

FDIC officials in particular are concerned about the lack of senior executives with experience in commercial banking.

Federal Deposit Insurance Corporation (FDIC) guarantee for new bank debt is due to end in October.

FDIC insurance. A whole series of specific issues that everybody clearly understood.

Under the third part, the FDIC would guarantee without limit small-business bank deposits that do not pay interest.

More importantly, it has a Treasury credit facility, increased to $500bn during this crisis.

On Friday, Washington Mutual filed a reorganization plan to implement the agreement, even though the FDIC has yet to sign on.

Most of the FDIC's suits have been filed in the first months of this year.

Early in Asia, the Treasury Department, Federal Reserve and FDIC announced a major rescue program for Citibank.

The FDIC believes that all Know Your Customer programs should contain certain critical features, which are set forth below.

"If you're a private equity investor you have to be a little crazy to want to deal with the FDIC and the government, " Kaplan added.

The separation of commercial banking from investment banking. FDIC insurance.

The FDIC agreed to ditch a proposal that would have forced regulators to modify Basel 2 if total bank-capital levels dropped by 10% or more.

The FDIC insures up to $250, 000 per account at member institutions.

An alternative is to track where the FDIC sets up temporary offices.

The bill also boosts fees for banks with $10 billion or more in assets must pay to the FDIC to defray costs of bank examinations.

The Treasury instead will likely have to rely on the Fed, FDIC and private investors.

IndyMac's recent collapse is the latest call on the Federal Deposit Insurance Corporation (FDIC).

Lifting the cap entirely would mean the FDIC would be guaranteeing the remaining $1. 8 trillion of U. S. bank deposits.

WaMu still has some financial breathing space before the Federal Deposit Insurance Corporation feels compelled to act.

The first key is the FDIC's new power to wind down an institution when regulators ask it to do so.

Though the program was still in its early stages, more than 3, 500 borrowers have agreed to modification proposals from the FDIC, Bair said.

Under the orderly liquidation authority, the FDIC is provided with the tools to wind down a major financial firm on the brink of failure.

However, fears that the FDIC's fund which protects depositors may run out are unfounded.

A blanket guarantee on deposits could present risks apart from exposing the FDIC to enormous costs.

"The timing just is not right, " an FDIC official told the Financial Times.

In the first, the Federal Deposit Insurance Corporation seized First City National Bank of Houston.

A haul of 552 banks, or 7% of the total, are now on the FDIC's problem list.

However, the FDIC has yet to approve applications by GMAC, which is part-owned by the buyout group Cerberus, and CIT to issue debt.

The programme is set to expire on October 31, but the FDIC may extend it on a case-by-case emergency basis for another six months.

The FDIC, or Federal Deposit Insurance Corporation, is a bank regulator.

Possibly far more than the FDIC is letting on, reckons Joseph Mason of Louisiana State University.

The FDIC agency also has a running tally of problem banks that its examiners closely monitor.

UCB, which was failing under a mountain of bad loans, was seized by the FDIC this month and its assets transferred to East West Bank.

To enact the program, the FDIC had to cite a 'systemic risk' to the economy.

The FDIC recognizes that a Know Your Customer requirement will impose additional burdens on some insured nonmember banks.

This has pushed the fund's holdings below a trigger point that requires the FDIC to craft a "restoration" plan within 90 days.

On Oct. 31, the Federal Deposit Insurance Corp. plans to close the Temporary Liquidity Guarantee Program.

After the FDIC repays depositors it tries to recoup the cost by selling the seized bank's assets.

The failure is expected to cost the FDIC deposit insurance fund an estimated $217 million.

There is a 500-man operation in Jacksonville, Florida, that has been placed deliberately close to Georgia.

FDIC loans for the U. S. 7932 to provide deposit guarantee, the lender's total assets of 13. 4 trillion.

and more than 90% have assets of less than $1 billion, according to the Federal Deposit Insurance Corporation (FDIC), a regulator.

And it still has more than $22 billion in taxpayer-guaranteed debt, thanks to an FDIC program instituted last fall.

The FDIC is also planning to securitise and sell seized commercial-property loans.

The FDIC has said it expects the total bill for bank failures to reach $100 billion for the period of 2009 through 2013.

The FDIC proposed two options Wednesday for its exit strategy.

The FDIC and the new owners will share the losses from IndyMac's mortgage portfolio.

Citi's main rivals have largely stopped issuing FDIC-backed debt.

Citigroup has issued nearly $40 billion in FDIC-backed debt since December, according to Dealogic, a financial-data provider.

A cash-strapped FDIC may yet be forced to tap a $500 billion credit line with America's Treasury.

It could also borrow from the Treasury, or, less likely, from banks.

There are 416 institutions on the problem list of the Federal Deposit Insurance Corporation (FDIC).

This FDIC program would take the form of providing insurance for new "senior preferred" debt that one bank would lend to another.

The agency has collected roughly $9. 3 billion in fees from banks that have participated.

It responded well to the crisis, and the regional FDIC office recommended it receive CDCI funds.

The FDIC expects the cost of resolving failed banks to total around $60 billion from 2010 through 2014.

FDIC Chairman Sheila Bair harbored reservations about a bailout because it exposure her agency to big losses.

The FDIC has some $53 billion of assets, so it is better funded than most deposit-insurance schemes.

The Federal Deposit Insurance Corporation (FDIC) reckons this year's tally will exceed the 2009 total of 140 banks.

Should we not have strict mortgage standards imposed on banks with access to FDIC insurance?

He added that the FDIC action shows the government is committed to U. S. financial stability.

The FDIC is seeking comment for 15 days, an unusually abbreviated comment period, and will make its decision shortly after that.

The FDIC and Whidbey Island Bank agreed to share losses on $221. 9 million of North County Bank's assets.

But Bank of Clark County had about $39. 3 million in uninsured deposits in 138 accounts that may exceed the insured limit, the FDIC said.

The government will pair this with private investments and loans from the FDIC and the Fed to generate $500 billion in purchasing power.

Another luxury that the FDIC lacked in 2008 was access.

The failures have cost the FDIC's insurance fund $59bn.

It now has a $30 billion line of credit with Treasury.

Please note that I am not blaming the FDIC.

'This is the expertise of the FDIC. This is what they do, ' said Sen. Dodd.

This is an inappropriate institutional use of the Fed, the FDIC and the Tarp.

According to the FDIC, the number of U. S. banks at risk of failing hit a 16-year high at 702.

And it is suing more than 50 executives at failed banks in a bid to recover $1 billion.

In addition, the FDIC and Level One Bank agreed to share losses on $233. 1 million of Paramount Bank's assets.

The FDIC also had $28. 5bn set aside for future bank failures.

The Fed and FDIC need to keep supervisory functions in order to inform their other roles, he argued.

The number of "problem" lenders that the FDIC lists grew to 552 in the third quarter, the highest number in 16 years.

If you need to raise a lot of debt, you need an FDIC guarantee.

It added that "is likely to change once the FDIC obtains additional information from these customers. "

It will cost the FDIC's insurance fund about $1. 4bn.

A very strong point of the FDIC program is it's simple and it's run by the (loan) servicers rather than the government.

In 1933, U. S. Congress founded federation saving insurance company(FDIC), now it can guarantee the saving more than 25, 0000 dollars.

There is "a roughly 15% chance" the future will be as bad as this or worse, the FDIC said.

But the numbers pale next to the 2, 100 lenders that failed from 1987 to 1992, according to FDIC data.

One concept being mooted , for example, is that the FDIC should help troubled banks securities a swathe of assets .

BB& T Corp. , for example, last summer introduced a FDIC-insured deposit program for 401(k)s, but it currently yields just 0. 06%.

The FDIC, for example, can step in if a bank's ratio of tangible equity to total assets drops below 2%.

Under Mr Isaac's watch, the FDIC bought a bundle of Continental's bad loans and also injected money into the bank;

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Here are some statistics from the FDIC for the second quarter 2010