Bank and Thrift Deposit Insurance Premiums: The Record from 1934-2004

Description

Since federal deposit insurance first came into being in the mid-1930s, commercial banks and savings associations (thrifts) have paid premiums into government insurance reserves to cover losses due to financial institution failures. Banks and thrifts have come to offer similar services and the government has standardized insurance premiums for the two institutions to reflect their competition. Deposit insurance premiums have been the subject of legislation several times over recent years including measures passed by the House. Most banks and thrifts pay essentially no premiums, but the potential for future assessments continues to drive “reform” legislation. This report provides the rationale ... continued below

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6 pages.

Creation Information

Miles, Barbara L. & Jackson, William D. January 3, 2005.

Context

This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 41 times . More information about this report can be viewed below.

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Description

Since federal deposit insurance first came into being in the mid-1930s, commercial banks and savings associations (thrifts) have paid premiums into government insurance reserves to cover losses due to financial institution failures. Banks and thrifts have come to offer similar services and the government has standardized insurance premiums for the two institutions to reflect their competition. Deposit insurance premiums have been the subject of legislation several times over recent years including measures passed by the House. Most banks and thrifts pay essentially no premiums, but the potential for future assessments continues to drive “reform” legislation. This report provides the rationale and amounts of assessments since federal deposit insurance began and will be updated annually.

Physical Description

6 pages.

Subjects

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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Creation Date

  • January 3, 2005

Start & End Dates

  • 1934 - 2004

Added to The UNT Digital Library

  • Feb. 28, 2006, 8:24 a.m.

Description Last Updated

  • Feb. 9, 2017, 2:52 p.m.

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Miles, Barbara L. & Jackson, William D. Bank and Thrift Deposit Insurance Premiums: The Record from 1934-2004, report, January 3, 2005; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs8306/: accessed November 23, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.