pasterguide.blogg.se - Principal definition us history

2010: New legislation makes the $250,000 figure permanent in July.The legislation provides that the basic deposit insurance limit will return to $100,000 on Dec. 31, 2009. This temporarily raised the basic limit of federal deposit insurance coverage from $100,000 to $250,000 per depositor. 2008: The Emergency Economic Stabilization Act (EESA) of 2008 is signed on Oct. 3, 2008.2006: As of April 1, deposit insurance for individual retirement accounts (IRAs) is increased to $250,000.

1996: The Deposit Insurance Funds Act prevents the FDIC from assessing premiums against well-capitalized banks if the deposit insurance funds exceed the 1.25% designated reserve ratio.

1993: Banks begin paying premiums based on their risk. And insurance premiums reach 23 cents per $100.

FDICIA legislation increases FDIC borrowing capacity, the least-cost resolution is imposed, too-big-to-fail procedures are written into law and a risk-based premium system is created.

1991: Insurance premiums hit 19.5 cents per $100 of deposits.

1990: First increase in FDIC insurance premiums from 8.3 cents to 12 cents per $100 of deposits.

1989: Resolution Trust Corporation is created to dissolve problem thrifts.

1987: Congress refinances the Federal Savings and Loan Insurance Corporation (FSLIC) for $10 billion.

1983: Deposit insurance refunds are discontinued.