多宝游戏下载

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Letter to Stakeholders Third Quarter 2008 Edition of 多宝游戏下载's Letter to Stakeholders

Publications
December 12, 2008
Summary: The 多宝游戏下载 has issued the attached Letter to Stakeholders from 多宝游戏下载 Chairman Sheila Bair, which reports on the 多宝游戏下载's activities and accomplishments during the third quarter of 2008.

Highlights:

Among the significant activities and accomplishments reported in this edition of the 多宝游戏下载's Letter to Stakeholders are the following:

  • On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2008.
  • On October 14, 2008, the 多宝游戏下载 announced the Temporary Liquidity Guarantee Program to strengthen confidence and increase liquidity in the banking system.
  • 多宝游戏下载-insured commercial banks and savings institutions reported net income of $1.7 billion in the third quarter of 2008, a decline of $27 billion from the amount earned in the third quarter of 2007.
  • The Deposit Insurance Fund balance decreased by 23.5 percent ($10.6 billion) to $34.6 billion during the third quarter of 2008.
  • As of September 30th, the reserve ratio was 0.76 percent, down from the 1.01 percent as of June 30th.
  • On September 22nd, the 多宝游戏下载 launched a national campaign, featuring personal finance expert Suze Orman, designed to help consumers learn about the benefits and limitations of deposit insurance.
Your feedback to the Letter to Stakeholders is encouraged, as are suggestions for improvement.

For more information, visit the 多宝游戏下载's Web site at .

Distribution:
多宝游戏下载-Insured Institutions Highlights

Suggested Routing:
Chief Executive Officer

Note:
多宝游戏下载 financial institution letters (FILs) may be accessed from the 多宝游戏下载's Web site at www.fdic.gov/news/financial-institution-letters/2008/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of 多宝游戏下载 financial institution letters may be obtained through the 多宝游戏下载's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

Additional Related Topics:

  • 多宝游戏下载 Key Indices
  • Letter to Stakeholders
FIL-142-2008
Attachment(s)
Contact(s)
Karen Flynn, (703) 562-6188

Last Updated: December 12, 2008