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Bank Deposit Insurance Up to Twenty-Five Thousand
Sylvia Porter outlines proposed congressional approval to raise the federal deposit insurance ceiling from 10000 to 25000 for banks and savings institutions. She notes FDIC and FSLIC support, explains aims to broaden coverage, deter splitting deposits, and attract more funds, while addressing costs and opposition. The piece places the move in historical context and highlights safeguards and impact on public confidence.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Congress
Federal Deposit Insurance Corp
Federal Savings & Loan Insurance Corp
Savings and Loan
Budget Bureau
FDIC
FSLIC