budget for 2012, U.S. Federal Deposit Insurance

budget for 2012, U.S. Federal Deposit Insurance, U.S. Federal Deposit Insurance Corporation (FDIC) 7 said in a statement, the company budget for 2012 was 32.8 billion, compared to 15.4% decrease. Grew Martin, chairman of the company’s agent, said the day Berg, bank failures since the peak has passed, the company will budget cuts and layoffs. According to statistics, in 2010 the Federal Deposit Insurance Corporation coverage of bank failures in 157, is the largest number since 1992, a bankrupt, and now as of now only 90.

Board of Directors also decided the same day in 2012 cut 565 jobs, the future may continue to lay off. The statement also said the number of employees will be reduced by 2012 to 8704, of whom more than one-third of temporary positions.

Turkoglu Berg 6, at a congressional hearing, said the financial crisis in 2009, savings and insurance funds in the fourth quarter fell to $ 20.9 billion deficit in the low to the second quarter, he returned to this surplus, the current surplus to 78 billion U.S. dollars, that Bank of America industry has come out of financial crisis. However, the amount of surplus savings and insurance accounts for only 0.12%, while according to “Dodd – Frank Act” requirements, to 2,020,930 days, this ratio should reach 1.35%.

is the U.S. Federal Deposit Insurance Corporation established by Congress in 1933, is the nation’s 7437 banks deposit insurance.

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