Federal Deposit Insurance
Buoyed by the strong performance of the depository institutions sector in the mid-to-late 1990s, the Federal Deposit Insurance Corporation’s bank insurance fund (BIF) and savings association insurance fund (SAIF) continued to grow during the first nine months of 1998. At the end of the third quarter, reserves of the BIF and SAIF stood at 1.41% and 1.39% of insured deposits, respectively, well in excess of the 1.25% target fund ratio mandated by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
Suggested citation: "Federal Deposit Insurance," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-03, pp. 17, 03.01.1999.