Announcement of
FDIC Chairman Bai
- Keynote address to the Johns Hopkins
Carey Business School
on
Thursday, November 20,
at 8:00 a.m.
November 19, 2008
BANKING REPORTERS/BUSINESS EDITORS: Sheila C. Bair, Chairman, Federal
Deposit Insurance Corporation, will be delivering the keynote address to the Johns
Hopkins Carey Business School on Thursday, November 20, at 8:00 a.m. The address
is part of the "Leaders and Legends" series and will take place at the Renaissance
Harborplace Hotel, 202 E. Pratt Street, Baltimore, MD.
Among other topics, FDIC Chairman Bair will be discussing the FDIC's recent actions to
guarantee newly issued senior unsecured debt of banks, thrifts, and certain holding
companies, and providing full coverage of non-interest bearing deposit transaction
accounts, regardless of dollar amount. Although this guarantee has been in place for
debt issued after October 13th, the FDIC Board of Directors will be finalizing the rule on
Friday, November 21st.
The FDIC has also announced that it will hold a press briefing on Tuesday, November
25, at 10:00 a.m., to announce the bank and thrift industry earnings for the third quarter
of 2008.
FDIC Chairman Sheila C. Bair said, "The Temporary Liquidity Guarantee Program was
created to strengthen confidence and encourage liquidity in the banking system. The
FDIC's guarantee on qualifying senior unsecured debt and on non-interest bearing
transaction accounts is just as secure as the our guarantee on other FDIC insured
accounts. In the FDIC's 75 year history, no depositor has ever lost a penny of insured
deposits. Ultimately, this is a guarantee that is backed by the full faith and credit of the
United States Government."
"Next week, the FDIC will hold the third quarter Quarterly Banking Profile. The QBP
provides comprehensive data on bank and thrift earnings, balance sheet results and
performance ratios," Chairman Bair added. "I expect the results to continue to
demonstrate that despite the difficult issues facing our economy, banks will remain
overwhelmingly strong and well capitalized."
Contact: Andrew Gray (202) 898-7192 or cell (202) 494-1049
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public
confidence in the nation's banking system. The FDIC insures deposits at the nation's
FDIC Chairman Bai
- Keynote address to the Johns Hopkins
Carey Business School
on
Thursday, November 20,
at 8:00 a.m.
November 19, 2008
BANKING REPORTERS/BUSINESS EDITORS: Sheila C. Bair, Chairman, Federal
Deposit Insurance Corporation, will be delivering the keynote address to the Johns
Hopkins Carey Business School on Thursday, November 20, at 8:00 a.m. The address
is part of the "Leaders and Legends" series and will take place at the Renaissance
Harborplace Hotel, 202 E. Pratt Street, Baltimore, MD.
Among other topics, FDIC Chairman Bair will be discussing the FDIC's recent actions to
guarantee newly issued senior unsecured debt of banks, thrifts, and certain holding
companies, and providing full coverage of non-interest bearing deposit transaction
accounts, regardless of dollar amount. Although this guarantee has been in place for
debt issued after October 13th, the FDIC Board of Directors will be finalizing the rule on
Friday, November 21st.
The FDIC has also announced that it will hold a press briefing on Tuesday, November
25, at 10:00 a.m., to announce the bank and thrift industry earnings for the third quarter
of 2008.
FDIC Chairman Sheila C. Bair said, "The Temporary Liquidity Guarantee Program was
created to strengthen confidence and encourage liquidity in the banking system. The
FDIC's guarantee on qualifying senior unsecured debt and on non-interest bearing
transaction accounts is just as secure as the our guarantee on other FDIC insured
accounts. In the FDIC's 75 year history, no depositor has ever lost a penny of insured
deposits. Ultimately, this is a guarantee that is backed by the full faith and credit of the
United States Government."
"Next week, the FDIC will hold the third quarter Quarterly Banking Profile. The QBP
provides comprehensive data on bank and thrift earnings, balance sheet results and
performance ratios," Chairman Bair added. "I expect the results to continue to
demonstrate that despite the difficult issues facing our economy, banks will remain
overwhelmingly strong and well capitalized."
Contact: Andrew Gray (202) 898-7192 or cell (202) 494-1049
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public
confidence in the nation's banking system. The FDIC insures deposits at the nation's
8,494 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.
Last Updated 11/19/2008
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.
Last Updated 11/19/2008