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The FDIC, SIPC, and
other
"According to the country one lives in and
where one has his deposits, these can be guaranteed by National/Federal
institutions up to a certain maximum amount"
Today, for obvious reasons, it is advised
not to carry balances with any bank larger than the insured maximum.
Updated May 2010 -
Updated December 2009, the FDIC itself needs to
be rescued: Ratio for September is - 0,16 !
NEW YORK (CNNMoney.com) — The
government insurance fund designed to protect consumer bank deposits
will likely stay in the red through 2012, Federal Deposit Insurance
Corp. chief Sheila Bair said Wednesday.
Testifying before members of the
Senate Banking Committee, the nation’s top commercial bank regulator
stressed that her agency was taking immediate steps to replenish the
dwindling fund. But she said those efforts would not put the rescue
fund in the black until a little more than two years from now at the
earliest.
The fund has come under severe
strain in recent months amid the recent surge in bank failures.
Ninety-eight banks have failed so far this year, which has reduced the
fund’s value to $10 billion from $45 billion a year ago.
The Federal Deposit Insurance Corporation (FDIC)
-USA
Is getting to a point where they need
recapitalization, with 199 banks on the troubled list and probably a lot
more to come.
The Securities Investor Protection Corporation
(SIPC) - USA
Is a joke capitalized at $1.5 billion yet
they are still quoted as the guarantor of all security values at all
brokerage firms.
Up to which limit are you savings/deposits
with a bank insured/protected?
In the USA they are up to $ 100,000 and
the limit has been increased to $ 250,000 per account holder.
In the UK the
limit has been increased to £ 50,000.
In Belgium the limit has not been increased to €
50,000. It is still € 20,000 and the
authorities promise € 50,000 and more for 2009!?
In Luxemburg the limit is € 100,000 per
account holder.
In Ireland there is full guarantee for 2
years.
In Greece there is full guarantee with
no limit.
This list will be updated as we receive
fresh information: levels fluctuate and are adjusted each day as
political authorities change their mind. PLEASE consult your banker for
confirmation.
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