About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 FDIC Q. [i] (2007)

handle is hein.journals/fdicquar1 and id is 1 raw text is: 2007, Volume 1, Number 1 Quarterly Banking Profile: First Quarter 2007 Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported net income of $36.0 billion in first quarter 2007. This is slightly below the $36.9 billion earned a year ago, but still the fourth-highest amount ever reported by the industry. Higher expenses for credit losses at large banks and narrower net interest margins at smaller institutions posed chal- lenges to earnings during the quarter. See page 1. Insurance Fund Indicators Insured deposits grew by 2.0 percent during the first quarter of 2007, while the Deposit Insurance Fund reserve ratio declined one basis point to 1.20 percent. One institution failed during the first quarter, ending ten consecutive quarters without a failure. See page 14. Feature Article: Individual Development Accounts and Banks: A Solid Match Even with the greater access to banking products and services provided through the development of alternative delivery channels, including the Internet, about 10 million American households, typical- ly low- and moderate-income families, do not use the banking system. Many more only use a limited number of banking services. A particular type of savings account, the Individual Development Account (IDA), is a relatively low risk way for banks to introduce these households to the banking system. This article explains how IDAs operate, describes banks' experience with IDAs, and points bankers to sources of information about these programs. See page 22. Chairman Sheila C. Bair Director, Division of Insurance Arthur J. Murton and Research Executive Editor Maureen E. Sweeney Managing Editors Richard Brown Diane L. Ellis Christopher Newbury Editors Kim E. Lowry Kathy Zeidler Publication Managers Geri Bonebrake Elena Johnson Lynne Montgomery Media Inquiries (202) 898-6993 The views expressed are those of the authors and do not necessarily reflect official positions of the Federal Deposit Insurance Corporation. Some of the information used in the preparation of this publication was obtained from publicly available sources that are considered reliable. However, the use of this information does not constitute an endorsement of its accura- cy by the Federal Deposit Insurance Corporation. Articles may be reprinted or abstracted if the publication and author(s) are credited. Please provide the FDIC's Division of Insurance and Research with a copy of any publications containing reprinted material.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most