Financial Audit: Federal Deposit Insurance Corporation (FDIC) Funds' 2009 and 2008 Financial Statements
Nov 2010 · DIANE Publishing
Ebook
67
Pages
About this ebook
Created in 1933 to insure bank deposits and promote sound banking practices, the FDIC plays an critical role in maintaining public confidence in the nation's financial system. It administers the Deposit Insur. Fund, which protects bank and savings deposits, and the Fed. Savings and Loan Insur. Corp. (FSLIC) Resolution Fund, which was created to close out the bus. of the former FSLIC. FDIC's financial statements are presented fairly in all material respects, in conformity with U.S. generally accepted accounting principles. Also, FDIC maintained effective internal control over financial reporting. FDIC pointed out that the past year was unusually challenging and acknowledged the important role internal control plays in achieving its mission and goals. Illus.
Created in 1933 to insure bank deposits and promote sound banking practices, the FDIC plays an critical role in maintaining public confidence in the nation's financial system. It administers the Deposit Insur. Fund, which protects bank and savings deposits, and the Fed. Savings and Loan Insur. Co...
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