1. In 2001, the Financial Stability Forum's Working Group on Deposit Insurance issued its final report, Guidance for Developing Effective Deposit Insurance Systems (FSF Guidance), which is intended for those countries considering the adoption or reform of an explicit, limited-coverage deposit insurance system. The FSF Guidance can be found at
http://www.fsforum.org/publications/publication_19_1.html
. For each of the subjects identified in the report, there is a corresponding Discussion Paper prepared by the FSF Working Group on Deposit Insurance. These papers can be found at
http://www.fdic.gov/deposit/deposits/international/guidance/guidance/index.html
.
2. Financial Stability Forum (FSF) (2001). Guidance for Developing Effective Deposit Insurance Systems. Basel
3. FSF Working Group on Deposit Insurance (2001) ‘Discussion papers.
http://www.fdic.gov/deposit/deposits/international/guidance/guidance/index.html
,discussion. April 2006
4. Prior to the enactment of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), the US thrift industry had been regulated at the federal level by the Federal Home Loan Bank System (FHLBS), which chartered federal savings institutions and supervised and insured all thrift institutions. By 1989, the savings-and-loan crisis had left the FHLBS deposit insurer, the Federal Savings and Loan Insurance Corporation (FSLIC) insolvent. As part of the resolution of the savings-and-loan crisis, FIRREA created a new chartering and supervisory agency, the Office of Thrift Supervision (OTS) and a new deposit insurance fund, the Savings Association Insurance Fund (SAIF). Responsibility for insuring thrift deposits and managing the SAIF was shifted to the FDIC. See, FDIC (1997) for a summary of these events.
5. Federal Deposit Insurance Corporation (FDIC) (1997). History of the Eighties: Lessons for the Future. Vol. 1, An Examination of the Banking Crises of the 1980s and Early 1990s. Washington DC