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Symposium on Federal Deposit Insurance for S&L Institutions

Symposium on Federal Deposit Insurance for S&L Institutions Abstract Federal deposit insurance was introduced to eliminate the bank runs of the Great Depression: the FDIC (Federal Deposit Insurance Corporation) was created in 1933 to insure commercial bank deposits, and the FSLIC (Federal Savings and Loan Insurance Corporation) was created in 1934 to insure savings and loan association (S&L) deposits. Following a decade of neglect, the Bush administration and Congress moved early in 1989 to resolve the most serious problems yet to confront federal insurance of U.S. bank deposits. How did S&L losses expand so rapidly and unexpectedly? How should FSLIC be redesigned to avoid a reoccurance? Who is going to pay for the existing FSLIC losses? What are the future prospects for the S&L industry? http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

Symposium on Federal Deposit Insurance for S&L Institutions

Jaffee, Dwight M
Journal of Economic Perspectives , Volume 3 (4) – Nov 1, 1989
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Publisher
American Economic Association
Copyright
Copyright © 1989 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/jep.3.4.3
Publisher site
See Article on Publisher Site

Abstract

Abstract Federal deposit insurance was introduced to eliminate the bank runs of the Great Depression: the FDIC (Federal Deposit Insurance Corporation) was created in 1933 to insure commercial bank deposits, and the FSLIC (Federal Savings and Loan Insurance Corporation) was created in 1934 to insure savings and loan association (S&L) deposits. Following a decade of neglect, the Bush administration and Congress moved early in 1989 to resolve the most serious problems yet to confront federal insurance of U.S. bank deposits. How did S&L losses expand so rapidly and unexpectedly? How should FSLIC be redesigned to avoid a reoccurance? Who is going to pay for the existing FSLIC losses? What are the future prospects for the S&L industry?

Journal

Journal of Economic Perspectives – American Economic Association

Published: Nov 1, 1989

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