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Press Releases


FOR IMMEDIATE RELEASE
PR-58-99 (9-28-99)

Board of Governors of the Federal Reserve System

Federal Deposit Insurance Corporation

Office of the Comptroller of the Currency

Office of Thrift Supervision

Joint Release

The four Federal banking agencies issued today the attached joint statement that addresses the agencies' supervisory approach to possible temporary balance sheet growth due to potential unusual market responses around the century date change.

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 10,390 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed.

FDIC press releases and other information, including today's quarterly listing, are available on the Internet at www.fdic.gov or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).

 
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Last Updated 09/29/1999 communications@fdic.gov