The Federal Deposit Insurance Reform Act does not cover retirement accounts. Retirement accounts such as 401(k)s, IRAs, and other qualified retirement plans are not insured by the FDIC.
Federal Deposit Insurance Reform Act
The Federal Deposit Insurance Reform Act 2005 (Title II, subtitle B of Pub. I. 109–171 (text) (PDF)110 State. 9enacted February 8, 2006with partner status, Federal Amendments Act Pursuant to the Deposit Insurance Reform of 2005, Pub. I. 109–173 (text) (PDF)119 State. 3601enacted February 15, 2006), was an act of United States Congress in banking regulation. Contains a number of changes to the Federal Deposit Insurance Corporation (FDC).
- He raised the limit of Deposit insurance for $100,000 to $250,000 retirement accounts and indexed the amount to inflation.
- It merged the two deposit insurance funds that the FDIC had managed separately since Financial Institution Reform, Recovery and Enforcement Act of 1989 (FIRREIRA). FIRREA abolished the old Federal Savings and Loan Insurance Corporation (FSLIC) and created a new insurance fund, Savings Association Insurance Fund (SAIF), to be administered by the FDIC. The other older fund managed by the FDIC was the Bank Insurance Fund (BIF). The SAIF and the BIF were combined into the Depositor Insurance Fund (DIF).
- It provided credit to banks that had paid deposit insurance funds in the early 1990s after the savings and loan crisis.
- He imposed a requirement that the FDIC issue discounts to the banking industry if the level of the deposit insurance fund rose above 1.5% of total insured deposits.
- Consumer Financial Protection Department
- Agricultural Credit Management
- Federal Deposit Insurance Corporation
- Fiscal Council of Federal Financial Institutions
- Federal Housing Financing Agency
- Federal Reserve Board of Governors
- Financial Stability Oversight Board
- National Credit Union Administration
- Office of the Controller of the Currency
legislation
- Independent Treasury Act
- National Bank Law
- Federal Reserve Act
- McFadden Law
- Banking Act of 1933
- Glass-Steagall Law
- Federal Credit Union Law
- Bank Holding Law
- Interest Rate Control Act of 1966
- Truth in the Law of Borrowing
- Bank Secrecy Law
- Fair Credit Reporting Law
- Residential Mortgage Disclosure Act
- Community Reinvestment Law
- Electronic Funds Transfer Law
- Financial Institutions Regulatory and Interest Rate Control Act of 1978
- Monetary Control Law
- Law on Depositary Institutions
- Competitive Equality Banking Act of 1987
- FIRREA
- FDICIA
- Truth in the Savings Law
- Riegle-Neal IBBEA
- Gramm-Leach-Bliley Law
- Fair and Accurate Credit Transactions Act
- Emergency Economic Stabilization Law
- Credit CARD Law
- Dodd-Frank
board regulations
- Credit extensions by Federal Reserve Banks (Reg A)
- Equal Credit Opportunity (Reg B)
- Home Mortgage Disclosure (Reg C)
- Reserve Requirements for Depository Institutions (Reg D)
- Electronic Funds Transfer (Reg E)
- Limitations on interbank liabilities (Reg F)
- International Banking Operations (Reg K)
- Consumer Leasing (Reg M)
- Loans for Insiders (Reg O)
- Privacy of consumer financial information (Reg P)
- Prohibition of Payment of Interest on Demand Deposits (Reg Q)
- Credit for Brokers and Dealers (Reg T)
- Credit by banks and persons other than brokers or dealers for the purpose of purchasing or carrying margin stock (Reg U)
- Transactions between member banks and their affiliates (Reg W)
- Securities Credit Borrowers (Reg X)
- Truth in Loans (Reg Z)
- Unfair or deceptive acts or practices (Reg AA)
- Community Reinvestment (Reg BB)
- Availability of Funds and Collection of Checks (Reg CC)
- Truth in Savings (DD Record)
Source: Federal Deposit Insurance Reform Act
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