National Banking Policies

The subcommittee heard testimony on legislation that would eliminate insurance protection for banking deposits over the $100,000 limit held in large banks that are… read more

National Banking Policies The subcommittee heard testimony on legislation that would eliminate insurance protection for banking deposits over the $100,000 limit held in large banks that are considered too big to fail. Insurance policies on deposits over $100,000 in large banks would be eliminated under H.R. 2094, passed on May 7 by the subcommittee. Supporters of the “too big to fail” policy maintain that bank depositors' confidence would decrease if insurance was not available to cover large deposits in large banks. Critics of the “too big to fail” policy criticize the expense of the insurance fund and question whether large banks should be bailed out while deposits in smaller banks may not be covered. In January, accounts larger than $100,000 were fully protected in the collapse of the Bank of New England, a large bank, while in 1990 deposits over $100,000 in the National Bank of Harlem, a small bank, were not protected. close

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National Banking Policies

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Program ID:
17902-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
May 10, 1991 | 12:00am EDT | C-SPAN 1
Last Aired:
May 12, 1991 | 3:05pm EDT | C-SPAN 1

Airing Details

  • May 10, 1991 | 12:00am EDT | C-SPAN 1
  • May 10, 1991 | 4:30am EDT | C-SPAN 2
  • May 12, 1991 | 3:05pm EDT | C-SPAN 1
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National Banking Policies

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