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

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  • Judy Ruud

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

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  • Judy Ruud, 2007. "The Fair Value of the Federal Deposit Insurance Guarantee: Working Paper 2007-13," Working Papers 19355, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:19355
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    File URL: https://www.cbo.gov/sites/default/files/110th-congress-2007-2008/workingpaper/2007-13_0.pdf
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    Cited by:

    1. Andrew G. Atkeson & Adrien d’Avernas & Andrea L. Eisfeldt & Pierre-Olivier Weill, 2019. "Government Guarantees and the Valuation of American Banks," NBER Macroeconomics Annual, University of Chicago Press, vol. 33(1), pages 81-145.
    2. Alaa Alaabed & Mansur Masih & Abbas Mirakhor, 2016. "Investigating risk shifting in Islamic banks in the dual banking systems of OIC member countries: An application of two-step dynamic GMM," Risk Management, Palgrave Macmillan, vol. 18(4), pages 236-263, December.

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