answersLogoWhite

0

The FDIC

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What New Deal program guaranteed bank deposits of up to 2500?

the FDIC


New deal program that guarantees bank deposits was?

FDIC - Federal Deposit Insurance Corporation


What steps can a bank take to deal with a significant outflow of deposits?

Answering "What steps can a bank take to deal with a significant outflow of deposits?"


Which program was created to secure individuals' bank deposits?

FDIC


This New Deal organization insured individual bank deposits?

FDIC - Federal Deposit Insurance Corporation


What federal program makes sure your bank deposits are never lost due to bank bankruptcy?

Federal Deposit Insurance Co. (FDIC)


What agency insures bank deposits how much money is insured?

It differs from country to country. For ex: in USA FDIC insures all customer deposits. All deposits of upto USD 250,000 is insured/guaranteed by the FDIC. Similarly in India the RBI insures all deposits. All deposits of upto Rs. 1,00,000/- is insured by the RBI.


Are deposits assets or liabilities of a bank?

Customers deposits in a bank are the bank's liabilities because they are OWED to the customer.


What were American bank deposits in 1995?

In 1995, $2.7 trillion was held in American bank deposits


Why separate commercial and investment banks?

Commercial banks are guaranteed by the state not to fail because they take deposits from the customers. Investment banks have nothing to do with the individual customer. They don't take or lend deposit. they deal a lot in securities activities which is very risky business. You could win or lose a lot. Most or all commercial banks now have an investment banking arm or department which risks or endangers the deposits of customers if their deals go sour. If things go bad, the commercial bank is guaranteed by the state not to fail so they will pump money into that bank, i.e taxpayers money. This is all because the investment arm of this bank blew all the banks money in its risky bet. Therefore an investment bank should be separate from commercial.


Which single New Deal program do you believe was the most helpful for getting out of the Great Depression?

Many believe that bank reform was the single New Deal program that was most helpful for getting out of the Great Depression.


What is a bank gic?

A Bank GIC is a guaranteed Investment Certificate.