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WASHINGTON - As the Federal Deposit Insurance Corp. tries to wean the industry off blanket deposit insurance coverage, the vast majority of institutions are resisting. Under its phase-out for the [...]

WASHINGTON - More than one-third of the banking industry is taking a pass on the Federal Deposit Insurance Corp.'s program to back bank debt. More than 3,100 banks - most [...]

WASHINGTON -- A deposit insurance pricing plan the Federal Deposit Insurance Corp. proposed last week may put large banks at a disadvantage, industry representatives said. The plan would assess institutions [...]

The Federal Deposit Insurance Corp. board is expected to debate the issue of deposit insurance for payroll cards this month. Meanwhile, the Office of the Comptroller of the Currency issued [...]

The American Bankers Association blasted a Congressional Budget Office recommendation to charge all banks and thrifts a premium of at least 2 basis points for deposit insurance. 'The first and [...]

WASHINGTON -- Though none have been embraced by the Bush administration or key members of Congress, the Congressional Budget Office is floating some revenue-raising ideas that would significantly affect the [...]

Indiana bankers are steamed about the state's attempt to use money from a fund for insuring public deposits to help balance its budget. Under a bill passed by the Indiana [...]

NAFCU's newly announced and public stance against private share insurance has the largest provider of that insurance flabbergasted at the position and questioning the trade group's motives. In January, the [...]

Despite industry angst about tight margins, low interest rates have provided bankers an overlooked benefit: free deposit insurance for at least the first half of next year. The cuts have [...]

The following is the text of a document prepared by the Federal Home Loan Bank Board in response to questions from Rep. Doug Barnard Jr., D-Ga., supporting the agency's proposal [...]

Federal Deposit Insurance Corp chairman William Taylor has proposed a stiff premium raise for banks and savings and loans. Higher-risk banks, about half of all banks, will see the highest increase, from 23 cents to 29 cents per $100 of deposits. The strongest banks would pay 27 cents, and those in a middle category would be assessed 28.2 cents. The proposal also includes a surcharge for the last half of 1992 to help lower the deficit of the Bank Insurance Fund., WASHINGTON -- Half of the nation's banks and thrifts will be forced to pay the maximum premium under the pending risk-based system, according to William Taylor, chairman of the Federal [...]

The following are excerpts from a joint statement from the Federal Deposit Insurance Corp. and the Federal Home Loan Bank Board concerning brokered deposits at insured institutions. The statement, issued [...]

Brokers of retail certificates of deposit (CDs) help to liberate the individual saver by enabling him to earn higher-than-local rates when available. Brokers also contribute to an institution's capacity to service demand for fixed-rate credit., The FDIC and the FHLBB want to restrict to $100,000 the insurance coverage on deposits placed by or through a deposit broker at a single depository institution, regardless of the [...]

Starting Wednesday, bank customers can use the Web to verify that their bank or thrift deposits are fully insured. The Federal Deposit Insurance Corp. has created Edie-the Electronic Deposit Insurance [...]

As the industry consolidates, merging banks can retain customers with the help of a new software product that simplifies deposit insurance calculations. Great Pond Technologies Inc., Augusta, Maine, has designed [...]

A new insurance product promises to cover individual directors' and officers' legal costs if they are sued. Directors Defense Cost, to become available in July, insures bank executives for legal [...]

Hartford Steam Boiler Offers Cleanup Liability Package One of the nation's oldest property and casualty insurers is beginning to offer financial institutions and their customers some protection against costly cleanups [...]

WASHINGTON -- The Treasury Department is close to siding with the Federal Deposit Insurance Corp. in recommending higher capital requirements and more disclosure for banks as ways to improve the [...]

New rules adopted by the Federal Home Loan Bank Board should be effective in limiting S&Ls to their traditional role as mortgage lenders. The rules set limits on investments, and raise capital and net worth requirements for new S&Ls seeking FSLIC insurance.

WASHINGTON -- Bank and thrift trade groups are becoming directly involved in efforts to insure members that can't buy directors' and officers liability coverage in the tight insurance market. Trade [...]

WASHINGTON -- Chairman William M. Isaac of the Federal Deposit Insurance Corp. vowed Wednesday that his agency will win its battle against money brokers who allegedly abuse the deposit insurance [...]

NEW YORK -- When Citizens and Southern National Bank in Atlanta begins charging its commercial customers to cover its costs for federal deposit insurance, it will not be the first [...]