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December 01, 2008
FDIC Modifies TLGP
The FDIC has approved a number of significant changes to its Temporary Liquidity Guarantee Program (TLGP), which the agency had enacted just last month. The program seeks to correct disruptions in the credit market, and particularly in the interbank lending market, which reduces banks’ liquidity and impaired their ability to lend.
November 03, 2008
FDIC Adopts TLGP Rules
An interim rule gets the Temporary Liquidity Guarantee Program off the ground.
October 20, 2008
FDIC Implements Temporary Liquidity Guarantee Program
Emergency program guarantees certain new debt and insures non-interest bearing deposits.
FDIC Changes Mortgage Servicer Insurance Coverage
The FDIC has simplified the rules for calculating deposit insurance coverage for certain mortgage servicers’ deposits.
October 13, 2008
As Coverage Increases, FDIC Doubles Assessments
Recent legislation increased deposit insurance coverage to $250,000. Meanwhile, the FDIC board voted to double banks’ assessments.
September 29, 2008
WaMu Fails; No Cost to Insurance Fund
“At no cost to the Deposit Insurance Fund” — those happy words describe JPMorgan Chase’s acquisition of the banking operations of $307 billion-asset Washington Mutual Bank.
FDIC Challenges Critical Article
“FDIC May Need $150 Billion Bailout” is misleading, the FDIC says. The agency sought to set the record straight.
September 22, 2008
Regulators Keeping a Close Eye on Liquidity Risk Management
In these tough times, liquidity risk management is crucial, FDIC Chairman Sheila Bair warns.
September 08, 2008
As Failures Mount, Bair Says DIF Is Sound
DIF’s drawdowns to cover Integrity and other recent bank failures have not impaired its soundness, FDIC Chairman Sheila Bair said in a recent speech to the Florida Bankers Association.
FDIC Issues Best Practices Guidance for Mortgage Lending
FDIC’s summary of best practices discussed by mortgage lenders says that basic, traditionally underwritten, 30-year fixed-rate mortgages are the most suitable home loan for most low- and moderate-income borrowers.
September 01, 2008
FDIC Reserves Down, Premium Hike Looms
The FDIC reported that its Deposit Insurance Fund reserve ratio fell in the second quarter, just as insured institutions’ profits did.
FDIC Warns of Liquidity Risk
Spurred by the most recent bank failure, the FDIC has released urgent guidance on managing liquidity risk.
August 25, 2008
Loan Mods: Bair Gets Her Turn
FDIC Chairman Sheila C. Bair is getting a chance to practice what she’s been preaching.
August 18, 2008
Some See Too Few Failures
Are banks failing at too slow a pace? The idea that we are going to have a lot of bank failures in the next few years, so we ought to get them out of the way quickly seems to be taking root in some quarters.
July 07, 2008
FDIC Issues HELOC Warning
Banks working their way through the subprime crisis face a compliance problem — how to comply with the law while reducing or suspending credit limits on home equity lines of credit (HELOCs). The FDIC has issued guidance.
Agency Provides ORE Guidance
The FDIC has issued guidance on other real estate (ORE)
June 23, 2008
Bair, Paulson Warn of “Too Big To Fail” on Wall Street
In separate speeches, the FDIC Chairman and the Treasury Secretary call for action to deal with brokerage firms that post systemic risk to the financial markets.
FDIC Prepares for Big Bank Failure
The FDIC is preparing for a really big bank failure — just to be on the safe side, you understand.
June 16, 2008
Enforcement Actions Charge Unfair, Deceptive Practices
Enforcement Actions Charge Unfair, Deceptive Practices
June 09, 2008
Slow Growth of DIF Reserves Worries Senators
Senators reviewing the state of the industry worry about the Deposit Insurance Fund.
May 05, 2008
FDIC Drafts Mortgage Relief Program
In a highly unusual move, the FDIC has proposed to Congress a program for the relief of troubled mortgage borrowers.
April 21, 2008
FDIC Adopts Covered Bond Rule
The FDIC has adopted interim final rules spelling out how it will deal with covered bonds in a receivership or conservatorship.
March 31, 2008
Dreams of Dividends
The FDIC has proposed permanent rules to govern how dividends will be paid from the Deposit Insurance Fund to insured banks — even though there’s no chance dividends will be paid in the foreseeable future.
March 24, 2008
FDIC Warns of Commercial Real Estate Risks
The FDIC has issued a warning of the risks associated with “significant concentrations” of commercial real estate loans and CRE construction and development loans.
March 17, 2008
FDIC Leaves Insurance Premiums Unchanged
To the dismay of the industry, the FDIC directors have decided to continue to strengthen the Deposit Insurance Funds’ reserves, even as banks face increasingly difficult economic circumstances.
