FDIC
Congress created the Federal Deposit Insurance Corporation (FDIC) in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 8,246 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
Contact:
1776 F St., NW,
Washington, DC 20006
Toll-free: 877-ASKFDIC (877-275-3342),
TDD: 800-925-4618
Media
Jay Rosenstein
Phone: (202) 898-7303
FDIC Closes on Pilot Securitization of Performing Single-Family Mortgages from 16 Failed Banks
Washington, DC - July 30, 2010 - (RealEstateRama) -- The Federal Deposit Insurance Corporation (FDIC) today closed on a sale of securities as part of a securitization backed by approximately $471.3 million of performing single-family mortgages from 16 failed banks.
Federal Agencies Issue Final Rules to Implement S.A.F.E. Act Requirements for Registration of Mortgage...
Washington, DC - July 28, 2010 - (RealEstateRama) -- Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations,
FDIC Selects Colony Capital as Winning Bidder for Equity Interest in $1.85 Billion in...
Washington, D.C. - July 14, 2010 - (RealEstateRama) -- The Federal Deposit Insurance Corporation (FDIC) has closed on a sale of 40 percent equity interest in a limited liability company (LLC) created to hold assets with an unpaid principal balance of approximately $1.85 billion from 22 failed bank receiverships.
Liberty Bank and Trust Company, New Orleans, Louisiana, Assumes All of the Deposits of...
November 9, 2009 - (RealEstateRama) -- Home Federal Savings Bank, Detroit, Michigan, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Liberty Bank and Trust Company, New Orleans, Louisiana, to assume all of the deposits of Home Federal Savings Bank.
