Comprehensive deposit insurance reform : responses to the FDIC's recommendations for reform : hearing before the Subcommittee on Financial Institutions of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Seventh Congress, first session, on the Federal Deposit Insurance Corporation's recommendations for improving the deposit insurance system, August 2, 2

Witnesses: Robert I. Gulledge, Chmn., Pres. & CEO, Citizens Bank, Inc., Robertsdale, AL, Chmn., Independent Community Bankers of Amer., on behalf of the Independent Community Bankers of Amer.; Jeff L. Plagge, Pres. & CEO, First Nat. Bank of Waverly, IA, on behalf of the Amer. Bankers Assoc.; & Curtis L. Hage, Chmn., Pres. & CEO, Home Federal Bank, Sioux Falls, SD, First Vice Chairman, America's Community Bankers, on behalf of America's Community Bankers. Charts & tables.

Deposit insurance was initiated in the 1930s to help restore confidence in the banking system after thousands of banks failed and millions of dollars in deposits were lost during the Great Depression. In 1990, the federal government insured about $3 trillion in deposits in the nation1s banks, thrifts, and credit unions and has to date fulfilled its goal of maintaining the stability of the banking system. This report discusses issues associated with reforming the deposit insurance system, specifically changes to the system that will promote a safe, sound, and stable banking industry. Charts and tables.