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Treasury officials exploring ways to temporarily insure all bank deposits: report

Por: The Hill Politics March 22, 2023

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The Treasury Department is exploring whether the Federal Deposit Insurance Corp. (FDIC) has the authority to temporarily expand insurance to all bank deposits, . The FDIC only insures deposits up to $250,000, but a coalition of midsize banks is urging the FDIC to for two years to stop the flow of money from small and midsize banks to larger institutions that wealthy depositors see as safer.  It’s not clear whether the FDIC has the authority... + full article



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