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Law raises FDIC insurance to 100000 in 1980 act
President Carter signs the Depository Institutions Deregulation and Monetary Control Act of 1980 raising the basic FDIC insurance limit to 100000 for deposits in 14364 insured banks and 324 insured mutual savings banks. The law also revises the assessment credit basis to 60 percent, sets reserve and phase-out provisions, and expands bank payment and disclosure authorities.
MENTIONED IN THIS ARTICLE
Carter
Depository Institutions Deregulation and Monetary Council
Federal Deposit Insurance Basic
Irvine H Sprague
Federal Deposit Insurance Corp
Keogh
Sprague
FDIC
Fdic Board of Directors
Federal Reserve System