Federal Deposit Insurance Company History Timeline

1933
Listen to President Franklin D. Roosevelt speak to the nation regarding the banking crisis on March 12, 1933.
The first Board of Directors of the Federal Deposit Insurance Corporation was sworn in at the Treasury Department, Washington, D.C., on September 11, 1933.
The FDIC, or Federal Deposit Insurance Corporation, is an agency created in 1933 during the depths of the Great Depression to protect bank depositors and ensure a level of trust in the American banking system.
1934
1934 Deposit insurance coverage is initially set at 2,500, and is then raised midyear to 5,000.
Back in 1934, Lydia Lobsiger became the first insured depositor to get reimbursed by the FDIC to the tune of 1,250.
1935
The Works Progress Administration WPA was an ambitious employment and infrastructure program created by President Roosevelt in 1935, during the bleakest years of the Great Depression.
1950
1950 Deposit insurance increased to 10,000 refunds are established for banks to receive a credit for excess assessments above operating and insurance losses.
1980
1980 Deposit insurance is increased to 100,000.00 FDIC insurance fund is 11 billion.1.
1982
All these events led to a 50 increase in loan charge-offs and the failure of 42 banks in 1982.
1993
1993 Banks begin paying premiums based on their risk.
1996
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.9.
2008
In October 2008, the protection limit for FDIC insured accounts was raised from 100,000 to 250,000.
2009
Your Bank Has Failed What Happens Next - The FDIC was featured on CBS 60 Minutes on May 31, 2009, taking over a failed bank.
2011
In 2011, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act.
2018
Deposit Insurance Fund Trends First Quarter 2018.
Founded
1933
Company Founded
Headquarters
Washington, DC
Company Headquarter

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