FDIC (Federal DepositInsurance Corporation)

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by melkins1982
Last updated 4 years ago

Discipline:
Social Studies
Subject:
Economics

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FDIC (Federal DepositInsurance Corporation)

•Liquidations cause a large number of bank failures•8 insured banks failed in the period of 1942-1945

•Total bank assets are double the $81 billion at the end of 1941 •Large-scale war financing of the federal government is the primary factor contributing to the rise of banking assets • u.s. government securities account for 57 percent of total banking assets•between 1942 and 1945, only 28 FDIC-insured banks fail

1940

1941

1942

1945

FDIC=Federal Deposit Insurance Corparation of a independent agency of the united states

•Twice as much of all federal spending• Eighth year of federal insurance of bank deposits•On December 31 the surplus of the corporation amounted to $264 million and the combined capital and surplus to $553 million•The end of 1941 marked the completion of eight years of sussecfull operation of the system of federal insurance of bank deposits

By:Summer Elkins & Anna Morin

FDIC

1944

The Bretton Woods system of international economic management establishes the International Bank for Reconstruction and Development, later divided into the World Bank and Bank for International Settlements, and the International Monetary Fund. The system establishes rules for commerce and financial relations among the world's major industrial states

Economy is on the upswing banks become profitable and most economists think that the great depression is over


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