WASHINGTON - At press time, executive officers of banks were set to meet with FDIC Chairman Donna Tanoue in Kansas City to discuss deposit insurance reform. The meeting was being held from June 28-29. Raising FDIC deposit insurance coverage from $100,000 to $200,000 is an issue first raised by Tanoue back in March during a speech (See page 1 story for more information). The meeting is co-sponsored by the FDIC, the American Bankers Association, America's Community Bankers, the Independent Community Bankers of America, and the Conference of State Bank Supervisors, the association of state bank regulators. Many of these groups are in favor of raising deposit insurance coverage. -pgentile@cutimes.com
Tanoue meeting with bank execs over deposit insurance
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