FDIC within the United States = Federal Deposit Insurance Corporation President Gruenberg stated on the twenty eighth at a Senate listening to held following the failure of two banks that he would defend deposits as much as $ 250,000 per account. He stated that he would “begin a complete overview” of the system, and indicated that he would publish a report by May 1, together with coverage choices relating to the therapy of deposits that exceed the higher restrict of safety.
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