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BUSINESS
October 9, 1996 | From Associated Press
The Federal Deposit Insurance Corp. on Tuesday approved a plan to rescue the savings and loan deposit insurance fund by having thrifts make a one-time payment of $4.5 billion. The five-member FDIC board unanimously passed rules to rescue the Savings Assn. Insurance Fund, a week after Congress included the rescue language in a broader bank reform bill. The law eliminated the possibility of additional taxpayer financing for the thrift crisis, which cost taxpayers about $481 billion.
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BUSINESS
October 9, 1996 | From Associated Press
The Federal Deposit Insurance Corp. on Tuesday approved a plan to rescue the savings and loan deposit insurance fund by having thrifts make a one-time payment of $4.5 billion. The five-member FDIC board unanimously passed rules to rescue the Savings Assn. Insurance Fund, a week after Congress included the rescue language in a broader bank reform bill. The law eliminated the possibility of additional taxpayer financing for the thrift crisis, which cost taxpayers about $481 billion.
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BUSINESS
March 24, 1995 | Times Staff and Wire Reports
Taxpayers Could Be Asked to Pay More for S&L Cleanup: The Clinton Administration raised the possibility but held off endorsing the idea. Billions of dollars would be involved. The Treasury Department had been expected to present its recommendation to the House Banking financial institutions subcommittee for resolving a severe shortfall in the Savings Assn. Insurance Fund. Instead, Assistant Treasury Secretary Richard S.
BUSINESS
March 24, 1995 | Times Staff and Wire Reports
Taxpayers Could Be Asked to Pay More for S&L Cleanup: The Clinton Administration raised the possibility but held off endorsing the idea. Billions of dollars would be involved. The Treasury Department had been expected to present its recommendation to the House Banking financial institutions subcommittee for resolving a severe shortfall in the Savings Assn. Insurance Fund. Instead, Assistant Treasury Secretary Richard S.
BUSINESS
March 14, 1995 | Times Staff and Wire Reports
Deposit Insurance Proposal Due: Deputy Treasury Secretary Frank Newman said the Clinton Administration will recommend a solution to problems that could arise from a disparity in the country's two deposit insurance funds. Newman did not specify what the recommendation will be, but it could come as early as March 23, when the House Banking Committee has hearings on the Bank Insurance Fund and the Savings Assn. Insurance Fund. The Federal Deposit Insurance Corp.
BUSINESS
August 30, 1989 | JAMES BATES, Times Staff Writer
It's hard enough to tell a bank from a savings and loan institution these days, what with so many major thrifts calling themselves banks. Now, some thrifts are making it even more difficult to tell the difference by advertising that their deposits are insured by the same agency that insures bank deposits. And the banks are upset.
CALIFORNIA | LOCAL
September 17, 1996
Before congressional representatives recess this month to hit the campaign trail, they should vote to bolster the deposit insurance fund for savings and loan associations. If they don't, all taxpayers could be left holding a very expensive bag, for while the S&L industry has never been healthier, the Savings Association Insurance Fund (SAIF) is underfunded and casts an uncomfortable shadow from the 1980s over the thrift industry.
BUSINESS
March 14, 1995 | Times Staff and Wire Reports
Deposit Insurance Proposal Due: Deputy Treasury Secretary Frank Newman said the Clinton Administration will recommend a solution to problems that could arise from a disparity in the country's two deposit insurance funds. Newman did not specify what the recommendation will be, but it could come as early as March 23, when the House Banking Committee has hearings on the Bank Insurance Fund and the Savings Assn. Insurance Fund. The Federal Deposit Insurance Corp.
BUSINESS
August 30, 1989 | JAMES BATES, Times Staff Writer
It's hard enough to tell a bank from a savings and loan institution these days, what with so many major thrifts calling themselves banks. Now, some thrifts are making it even more difficult to tell the difference by advertising that their deposits are insured by the same agency that insures bank deposits. And the banks are upset.
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