The Fair Value of the Federal Deposit Insurance Guarantee: Working Paper 2007-13

Judy Ruud

No 19355, Working Papers from Congressional Budget Office

Abstract: The Federal Deposit Insurance Corporation (FDIC), an agency of the U.S. government, guarantees insured deposits in banks and savings associations in the event of the depository’s insolvency. When a bank fails, the shortfall between the value of the bank’s available assets and the value of its insured deposits is a cost to the deposit insurer and hence the government. As of December 2006, the FDIC insured an estimated $4.1 trillion in deposits. Deposit insurance is accounted for in the federal budget on a cash basis. This means that the cost of deposit

Date: 2007-11-01
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