The most recent programs for the FDIC Tag http://www.c-spanvideo.org/browse?topic=193 en-US Copyright 2013, National Cable Satellite Corporation info@c-spanarchives.org (National Cable Satellite Corporation) info@c-spanarchives.org (National Cable Satellite Corporation) Wed, 22 Jun 2011 00:00:00 GMT Thu, 23 May 2013 08:14:50 GMT Sheila Bair testified on the evolving role do the Federal Deposit Insurance Corporation (FDIC). http://www.c-spanvideo.org/program/300169-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/300169-1 Wed, 22 Jun 2011 00:00:00 GMT Among the topics Press Secretary Robert Gibbs addressed in his remarks to reporters were the economic stimulus package and the second effort to stabilize financial markets. http://www.c-spanvideo.org/program/283615-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/283615-1 Wed, 22 Jun 2011 00:00:00 GMT Federal Deposit Insurance Corporation Chairman Sheila Bair talked about the role of deposit insurance in financial crises, home foreclosures, and the efforts being made to stabilize the economic system by governmental actors. She focused on the importance of seeing homeowners as people rather than statistics. The theme of the 7th annual conference and annual general meeting of the International Association of Deposit Insurers was "The Role of Deposit Insurance in Promoting Financial Stability and Economic Inclusion." It was hosted by the Federal Deposit Insurance Corporation at their William Seidman Center in Arlington. http://www.c-spanvideo.org/program/282086-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/282086-1 Wed, 22 Jun 2011 00:00:00 GMT Federal Deposit Insurance Corporation Chairman Sheila Bair talked about long-term reforms needed in mortgage finance in the wake of the subprime crisis. She focused on the role of the FDIC in resolving the credit crisis and tightening consumer protection rules. Ms. Bair responded to questions from the audience following her remarks. This was a luncheon address of the 50th Annual Meeting of the National Association of Business Economics, held at the J.W. Marriott. http://www.c-spanvideo.org/program/281619-4 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/281619-4 Wed, 22 Jun 2011 00:00:00 GMT FDIC Chairman Sheila Bair talked about the FDIC's request to Congress to raise the limits of insuring bank deposits. She responded to telephone calls and electronic mail. http://www.c-spanvideo.org/program/281550-4 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/281550-4 Wed, 22 Jun 2011 00:00:00 GMT The panel talked about the fate and implications of the Emergency Economic Stabilization Act of 2008. Topics included the rescue package, the 2008 election cycle, the international response, and options available to the Department of the Treasury in increasing liquidity in the markets. They answered questions from the audience. http://www.c-spanvideo.org/program/281527-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/281527-1 Wed, 22 Jun 2011 00:00:00 GMT Damian Paletta talked about rules passed by the Federal Reserve Board that targeted numerous types of lending practices. The intention of the rule was to restrict the possible actions of lending institutions that were deemed to have negative effects on the economy. The decision allowed consumers to sue lending institutions. http://www.c-spanvideo.org/program/203132-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/203132-1 Wed, 22 Jun 2011 00:00:00 GMT Panelists talked about the use of the Internet and digital technology in identity theft and consumer fraud. Among the topics they addressed were the scope of the problem, consumer education initiatives, privacy concerns, and enforcement measures. Following their remarks they answered questions from the audience. http://www.c-spanvideo.org/program/185527-3 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/185527-3 Wed, 22 Jun 2011 00:00:00 GMT Participants talked from the perspective of the industry about the use of the Internet in identity theft and consumer fraud cases. Among the topics they addressed were privacy concerns, banking security, and electronic commerce practices. Following their remarks they answered questions from the audience. http://www.c-spanvideo.org/program/185527-2 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/185527-2 Wed, 22 Jun 2011 00:00:00 GMT Witnesses testified about the state of the nation's banking industry, regulation of the industry, and the state of competition in the industry. In his remarks Mr. Greenspan suggested that the banking industry was strong enough to justify a future increase in interest rates. http://www.c-spanvideo.org/program/181437-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/181437-1 Wed, 22 Jun 2011 00:00:00 GMT Ms. Gambrell talked about predatory lending practices. She discussed how certain lenders, using misleading information, coercion, or other tricks, prey on financially undereducated people by charging them excessively high interest rates and fees for mortgages, loans, and credit cards. In order to remedy the problem, Ms. Gambrell urged increased financial education and stressed that the FDIC did not allow its member banks to engage in predatory lending practices. She responded to audience telephone calls, faxes, and electronic mail. http://www.c-spanvideo.org/program/177752-3 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/177752-3 Wed, 22 Jun 2011 00:00:00 GMT The panelists talked about financial issues, focusing on consumer debt and possible future implications of high consumer debt levels. They said that, although high consumer spending was pushing the country toward economic recovery, it was also causing high consumer debt levels. Following prepared remarks, they responded to questions from the audience. Ms. Sweeney moderated the panel. http://www.c-spanvideo.org/program/175300-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/175300-1 Wed, 22 Jun 2011 00:00:00 GMT Witnesses testified about possible changes to the federal deposit insurance system. Among the issues they addressed were raiding insured deposit limits, consumer confidence, and the impact on the banking industry. http://www.c-spanvideo.org/program/169720-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/169720-1 Wed, 22 Jun 2011 00:00:00 GMT Mr. Seelig discussed deposit insurance reform. http://www.c-spanvideo.org/program/55186-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/55186-1 Wed, 22 Jun 2011 00:00:00 GMT Mr. Hove discussed his job as the Chairman of the Federal Deposit Insurance Corporation (FDIC) and the role of the FDIC in the United States economy. http://www.c-spanvideo.org/program/53239-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/53239-1 Wed, 22 Jun 2011 00:00:00 GMT Treasury officials announced proposed changes in the Community Reinvestment Act to stimulate bank lending in low-income communities. http://www.c-spanvideo.org/program/52818-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/52818-1 Wed, 22 Jun 2011 00:00:00 GMT Mr. Hove and other FDIC officials spoke in a news conference to announce the release of statistics on the banking industry for the second quarter of 1993. Mr. Hove said the banking industry appeared to be healthy during the quarter judging by the bank profitability and lending rates. http://www.c-spanvideo.org/program/50084-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/50084-1 Wed, 22 Jun 2011 00:00:00 GMT A panel of economists spoke on the FDIC Improvement Act and other issues in American banking. Issues brought up in the discussion included bank mergers and regulations, and many panelists' remarks were illustrated with slide presentations. Panel members responded to questions from the audience following their prepared remarks. http://www.c-spanvideo.org/program/34537-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/34537-1 Wed, 22 Jun 2011 00:00:00 GMT The House agreed to the conference report on S. 543, to reform federal deposit insurance, to protect the deposit insurance funds, recapitalize the Bank Insurance Fund, and improve supervision and regulation of insured depository institutions. The House passed H.R. 3435, to provide funding for the resolution of failed savings associations and working capital for the Resolution Trust Corporation, and to restructure the Oversight Board and the Resolution Trust Corporation. http://www.c-spanvideo.org/program/22999-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22999-1 Wed, 22 Jun 2011 00:00:00 GMT The House passed S. 543, to reform federal deposit insurance, protect deposit insurance funds, recapitalize the Bank Insurance Fund, and improve supervision and regulation of insured depository institutions. The House voted to suspend the rules and passed H.R. 3031, to provide a statutory charter and authorize appropriations for the National Telecommunications and Information Administration. http://www.c-spanvideo.org/program/22920-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22920-1 Wed, 22 Jun 2011 00:00:00 GMT The Senate passed H.R. 3371, to control and reduce violent crime, after striking all after the enacting clause and inserting in lieu thereof the text of S. 1241. The Senate passed S. 543, to reform federal deposit insurance, to protect the deposit insurance funds, and improve supervision, regulation, and disclosure of relating to federally insured depository institutions. http://www.c-spanvideo.org/program/22851-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22851-1 Wed, 22 Jun 2011 00:00:00 GMT The House passed H.R. 3768, to require the least-cost resolution of insured depository institutions, to improve supervision and examinations, and to provide additional resources to the bank insurance fund. http://www.c-spanvideo.org/program/22847-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22847-1 Wed, 22 Jun 2011 00:00:00 GMT The Senate continued consideration of S. 543, to reform federal deposit insurance, to protect federal deposit insurance funds, and improve supervision, regulation, and disclosure relating to federally insured depository institutions. http://www.c-spanvideo.org/program/22828-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22828-1 Wed, 22 Jun 2011 00:00:00 GMT The Senate continued consideration of S. 543, to reform federal deposit insurance, to protect the deposit insurance funds, and improve supervision, regulation, and disclosure relating to federally insured depository institutions. http://www.c-spanvideo.org/program/22791-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22791-1 Wed, 22 Jun 2011 00:00:00 GMT The Senate continued consideration of S. 543, to reform federal deposit insurance, protect the deposit insurance funds, and improve supervision, regulation, and disclosure relating to federally insured depository institutions. http://www.c-spanvideo.org/program/22771-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22771-1 Wed, 22 Jun 2011 00:00:00 GMT http://www.c-spanvideo.org/program/22708-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22708-1 Wed, 22 Jun 2011 00:00:00 GMT The Senate continued consideration of S. 543, to reform federal deposit insurance, protect the deposit insurance funds, and improve supervision, regulation, and disclosure relating to federally insured depository institutions. A unanimous-consent agreement was reached to provide for the consideration of S. 775, to increase the rates of compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation for the survivors of certain disabled veterans. http://www.c-spanvideo.org/program/22696-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22696-1 Wed, 22 Jun 2011 00:00:00 GMT Mr. Taylor was sworn in as chairman of the Federal Deposit Insurance Corporation, after recently being confirmed by the U.S. Senate. He was formerly the top bank regulator for the Federal Reserve Board. http://www.c-spanvideo.org/program/22475-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22475-1 Wed, 22 Jun 2011 00:00:00 GMT The House continued consideration of H.R. 6, to reform the deposit insurance system to enforce the congressionally established limits on the amount of deposit insurance. The House passed S. 1848, to restore the authority of the Secretary of Education to make certain preliminary payments to local educational agencies. http://www.c-spanvideo.org/program/22448-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/22448-1 Wed, 22 Jun 2011 00:00:00 GMT The committee heard testimony from William Taylor, the head banking regulator on the Federal Reserve Board, in his confirmation hearing to replace William Seidman as head of the Federal Deposit Insurance Corporation. In his testimony, Mr. Taylor discussed the Resolution Trust Corporation's bailout of bankrupt savings and loans and recent proposals to allow banks to diversify into other areas of finance which are currently prohibited by government regulations. http://www.c-spanvideo.org/program/21513-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/21513-1 Wed, 22 Jun 2011 00:00:00 GMT The committee heard testimony from the chairman of the Federal Reserve, Alan Greenspan, and the head of the Federal Deposit Reserve Corporation, William Seidman, on efforts to restructure the nation's banking industry to limit the impact of failing banking institutions on consumers and other banks. Mr. Seidman said the Federal Deposit Insurance Corporation was "below the safety level," and the General Accounting Office's audit of the FDIC showed it may have only half of the $8.4 billion figure produced by the FDIC in late 1990. He said the new figures may put additional pressure on Congress to move faster on legislation concerning the banking industry. Mr. Greenspan spoke on the Bush administration's proposal to increase the borrowing authority of the FDIC to $70 billion, $25 billion of which could be loaned by the Federal Reserve. He dismissed the use of the Federal Reserve as a source for FDIC funds, saying there was no reason to use sources other than the Treasury. Borrowing from the Federal Reserve would set a precedent which may eventually reduce the Federal Reserve's available funds, thus limiting their ability to manipulate interest rates. http://www.c-spanvideo.org/program/17687-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/17687-1 Wed, 22 Jun 2011 00:00:00 GMT The subcommittee heard testimony on banking reform proposals, and the possible effects of the proposals on bank depositors. Banking reform measures included legislation that would allow stable banking institutions to offer new financial products to consumers, such as insurance services or money-market funds, and legislation that would allow large branching systems for well capitalized banks. Items cited by the U.S. Treasury that directly affect banking consumers included a federal banking insurance program that would be less apt to use taxpayers' money to cover deposits in failed banking institutions, a larger choice of financial products and added convenience for bank patrons, and lower interest rates and improved credit for consumers and communities. Consumer representatives showed concern over the possibility that overseas banks could use loosened bank branching laws to acquire a large part of American banking capital, which may have far-ranging effects on credit. Comparisons were drawn between the deregulation of the savings and loan industry and the stated goals of the banking legislation. The testimony was marked with sharp exchanges between consumer advocates and Rep. Barnard, who supported the Treasury's legislation. http://www.c-spanvideo.org/program/17499-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/17499-1 Wed, 22 Jun 2011 00:00:00 GMT Rep. Gonzalez spoke to reporters on the recapitalization of the Federal Deposit Insurance Corporation, the insurance fund that repays depositors in failed banks. The FDIC has been experiencing its own financial crisis in recent months; an estimate by the Congressional Budget Office predicted the FDIC would run out of funding in one or two years. A plan formulated by the Administration requested the authority for the FDIC to borrow up to $25 billion from the Treasury to cover its needed expenditures. Rep. Gonzalez, chairman of the House Banking Committee, called for action on the FDIC's funding problems to prevent another fiasco like the savings and loan crisis. He criticized the "numbers game" of the Administration's plan to bail out the FDIC, saying it continued the "loss prevention" game of the 1980's that resulted in the savings and loan crisis. He called for the chairman of the FDIC, William Seidman, and chairman of the Reserve Board, Alan Greenspan, to appear before the House Banking Committee to delineate clearly the Administration's policy to save the FDIC. http://www.c-spanvideo.org/program/17303-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/17303-1 Wed, 22 Jun 2011 00:00:00 GMT The committee heard testimony from William Seidman, chairman of the Federal Deposit Insurance Corporation, on the financially strapped FDIC. The FDIC, which provides insurance against losses of bank depositors when savings institutions fail, has little money remaining in its coffers to cover future bank failures; the fund has been predicted to run out in the next one or two years. The Bush Administration gave a legislative proposal to Congress earlier in the week which gave the FDIC the authority to borrow $25 billion from the Federal Reserve to cover future bank losses, with an added measure allowing extra money to be borrowed by the FDIC. In his testimony, William Seidman said the added measure in the Bush Administration's legislation would actually allow the FDIC to borrow up to $70 million from the Federal Reserve. Mr. Seidman predicted that the FDIC would have to borrow up to $35 billion "in a pessimistic scenario" over the next three year to remain financially solvent. He also said the necessity to use taxpayer funds to keep the FDIC afloat, a bailout scenario like the bailout of the U.S. savings and loans, was "highly unlikely." The huge amount of credit authority surprised many observers, since it was a much larger amount than previously requested. It may signify that the FDIC's financial problems are much larger than previously believed. http://www.c-spanvideo.org/program/17198-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/17198-1 Wed, 22 Jun 2011 00:00:00 GMT The subcommittee heard testimony from Mr. Seidman, chairman of the Federal Deposit Insurance Corporation, on restructuring of the financial industry. Mr. Seidman advocated an eleven point plan to protect bank deposits, a function usually served by the FDIC, which is experiencing financial difficulties due to the number of recent bank failures. Mr. Seidman described his plan to secure bank deposits in the short term and his long term plan to reconstruct the financial capital of the Federal Deposit Insurance Corporation. His plan involved increasing the amount of money the FDIC could borrow from the Treasury from $5 billion to $20 billion. Mr. Clarke characterized the hearing as being oriented towards remaking a financial system which had ceased to function adequately in recent years. He advocated entirely new and comprehensive solutions to solve the problems of the U.S. banking system rather than patchwork repairs to the existing system. http://www.c-spanvideo.org/program/16851-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/16851-1 Wed, 22 Jun 2011 00:00:00 GMT Earlier in the week, the Federal Deposit Insurance Corporation seized the assets of the Bank of New England, the biggest real-estate lender in the northeast. Mr. Knight said that the seizure of the Bank of New England was symptomatic of the poor economy of New England than the banking industry as a whole. The Bank of New England's failure cost the FDIC approximately 2.3 billion dollars, the second or third costliest bank failure in history. http://www.c-spanvideo.org/program/15611-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/15611-1 Wed, 22 Jun 2011 00:00:00 GMT Chairman of the Federal Reserve, Alan Greenspan, gave testimony at the first of four committee hearings concerning the state of the Federal Deposit Insurance system. Mr. Greenspan addressed the operations of the system and its solvency, as well as its vunerabilities. http://www.c-spanvideo.org/program/14145-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/14145-1 Wed, 22 Jun 2011 00:00:00 GMT http://www.c-spanvideo.org/program/6967-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/6967-1 Wed, 22 Jun 2011 00:00:00 GMT http://www.c-spanvideo.org/program/5213-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/5213-1 Wed, 22 Jun 2011 00:00:00 GMT William Seidman, Chairman of the Federal Deposit Insurance Corporation, spoke to the National Press Club about the issue of instability in the stock market. http://www.c-spanvideo.org/program/1279-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/1279-1 Wed, 22 Jun 2011 00:00:00 GMT