deposit insurance corporation

In case you haven’t heard, three credit unions got into a bit of trouble last week. Well, not “a bit,” really.

They had to be bailed out by the National Credit Union Administration, which is to credit unions what the Federal Deposit Insurance Corporation, or FDIC, is to banks.

Each quarter, the Federal Deposit Insurance Corporation releases the number of banks it feels might need to be bailed out by the government.

This is a look at the number of problem banks on the FDIC list for the first quarter of the last 10 years, along with the total assets controlled by those banks.

Three U.S. banks were shuttered on Friday night by state regulators, bringing the total number of bank failures this year to four, the Federal Deposit Insurance Corporation said.

How's this for irony? The Federal Deposit Insurance Corporation, which comes into play when a bank fails and insures the funds of the customers of said bank, may be requesting its own bailout, from banks.

With bank failures rising, the government’s deposit insurance fund fell to $10.4 billion in the second quarter, the Federal Deposit Insurance Corporation said.

Colonial Bank of Montgomery, Alabama, closed Friday, according to the Federal Deposit Insurance Corporation.

On July 9, 2009, the Office of Advocacy of the U.S. Small Business Administration submitted a comment on the proposed rulemaking on Registration of Mortgage Loan Originators.

The proposal is a joint rulemaking of the Office of Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, Farm Credit Administration and National Credit Union Administration.

Auto lender GMAC Financial Services on Wednesday said it has priced a $4.5 billion note offering guaranteed by the Federal Deposit Insurance Corporation under its temporary liquidity guarantee program.

A proposed “systemic risk council” would have members from the Federal Reserve, Securities and Exchange Commission, Treasury Department and Federal Deposit Insurance Corporation.