WASHINGTON — In another attempt to limit the exodus of capital from financial institutions, the Bush administration is considering a plan to insure all deposits at depository institutions.
The idea, which is only at the discussion stage, would follow the recent examples of Denmark, Germany and Ireland. The Wall Street Journal revealed that administration officials are considering the policy change but there is no set timetable when a decision may be made.
It is not clear whether the change would apply to individual as well as business accounts or whether it would include credit unions. Officials at the NCUA as well as CUNA and NAFCU said this morning they did not have information about the proposal beyond what had been reported.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
