The FDIC was there for our parents . . . The FDIC is there for you. When the public sees the FDIC symbol on your door, it can be confident that the full faith and credit of the U.S. government stand behind the insured money in your bank. This is a message that we all need to be giving the public. If year 2000 readiness were the only risk we had to concern ourselves with, it would be enough, but it is not.
Most analysts agree that the U.S. economy is slowing.
We need to pay close attention to these warning signs. Bankers who base their lending decisions on continued strong economic growth should consider how their business strategies may play out in an economic downturn. At the same time we are seeing economic warning signs, the FDIC is concerned about evidence of the increasing risk at some banks. Underwriting surveys conducted by the FDIC, Federal Reserve and the OCC all show weakening of underwriting standards. Additionally, loan pricing has been aggressive.