The FDIC deposit insurance
assessment decreased $245,000 and other insurance decreased $108,000 due to the improved financial condition of the bank.
Treasury, were, according to Admati and Hellwig (2013), driven by misguided regulations, including FDIC deposit insurance
Both the real amounts covered by FDIC deposit insurance
and the percentage of bank deposits insured by the FDIC have consistently increased over time.
The Community Reinvestment Act, enacted in 1977, requires banks and savings & loans that receive FDIC deposit insurance
to serve a cross-section of borrowers, including people who live in low- and moderate-income neighborhoods.
The increase in other expenses primarily resulted from increases in salaries and employee benefits expense, advertising and marketing costs and FDIC deposit insurance
premiums, which were partially offset by lower amounts of professional fees and loan and other real estate owned expense.
State banks in Kansas, though, were a major exception to this rapid adoption of FDIC deposit insurance
. Although the reasons why Kansas banks declined to join are unclear, the FDIC's 1934 Annual Report does list why some banks across the United States remained uninsured.
Global Banking News-2 February 2010-US calls for increasing FDIC deposit insurance
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Noninterest expenses were $1.7 billion (1.7%) higher, primarily due to increased FDIC deposit insurance
The five failures will cost the FDIC deposit insurance
fund an estimated $401.3 million, the agency said.
Bank runs were associated with the failure of WaMu and Wachovia, (33) and were prominently featured in the press following the FDIC's closure of IndyMac, (34) even though insured depositors' funds were safe under the FDIC deposit insurance
History of FDIC Deposit Insurance
1934-2008 Date Bank Deposit Insurance Limit January 1934 $2,500 June 1934 $5,000 (temporary increase) 1935 $5.000 (permanent increase) 1950 $10,000 1966 $15,000 1969 $20,000 1974 $40,000 1980 $100,000 2008 $250.000 (temporary increase until 12/31/2009) Source: Christine Bradley, A Historical Perspective on Deposit Insurance, Federal Deposit Insurance Corporation.
There are myriad rules concerning FDIC deposit insurance
, including a recent temporary increase in deposit coverage.