Jump to Content
ABA: The American Bankers Association
Statement

ABA Statement on Deposit Insurance Fund Restoration Plan

"We commend the FDIC for its commitment to safety and soundness and its strong stewardship of the Deposit Insurance Fund, which protects customer deposits and is at its highest level on record. By maintaining the current assessment schedules, the FDIC recognizes that the recent unprecedented surge in deposits has been due to the extraordinary federal assistance in response to the global pandemic and customers seeking the safest place to keep their money. We agree with the FDIC that the decline in the fund’s reserve ratio is likely transitory and support its plan to continue to closely monitor the fund’s progress going forward."

###

About the American Bankers Association

The American Bankers Association is the voice of the nation’s $22.5 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $18 trillion in deposits and extend nearly $11 trillion in loans.

Press Contact

Mike Townsend

(202) 663-5471

Contact Mike
Useful Links

Resources for the Media

Media Contacts

All inquiries from the press can be directed to one of our press contacts.

ABA Expert Photos

Hi-Res photos for use by the press.

ABA Media Appearances

Getting the industry's message out – in print and on the air – about banks' health and lending, as well as policies that are harmful to economic recovery.

Media Credentials

Complimentary press registrations are available for select events.

Join Our Media Lists

Want to be added to our news release list? Sign up here.

RSS Feed

Get ABA press releases via RSS.