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Federal_Deposit_Insurance_Corporation_Improvement_Act_of_1991
Federal Deposit Insurance Corporation Improvement Act of 1991
The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), passed during the Savings and loan crisis, strengthened the power of the Federal Deposit Insurance Corporation.
It allowed the FDIC to borrow directly from the Treasury department and mandated that the FDIC resolve failed banks using the least-costly method available. It also ordered the FDIC to assess insurance premiums according to risk and created new capital requirements.
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Last updated on Friday June 29, 2007 at 14:12:44 PDT (GMT -0700)
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This article is licensed under the GNU Free Documentation License.
Last updated on Friday June 29, 2007 at 14:12:44 PDT (GMT -0700)
View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation
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