Charles Schumer (D-NY) Federal Deposit Insurance Corporation a little over $7 billion June 30 $500 million
Who is the Senator that asked FDIC if it had considered ordering IndyMac to reduce its reliance on brokered deposits? What does the abbreviation FDIC stand for? How much of IndyMac's total deposits of $18.9 billion on March 31, 2008 were considered brokered deposits? Had the FDIC disallowed IndyMac from acquiring new brokered deposits on this date, the threat of brokered deposit losses would have been $500 million a month? How much was the threat of brokered deposit losses per month to IndyMac?
Senator Charles Schumer (D-NY) would later point out that brokered deposits made up more than 37 percent of IndyMac's total deposits and ask the Federal Deposit Insurance Corporation (FDIC) whether it had considered ordering IndyMac to reduce its reliance on these deposits. With $18.9 billion in total deposits reported on March 31, Senator Schumer would have been referring to a little over $7 billion in brokered deposits. While the breakout of maturities of these deposits is not known exactly, a simple averaging would have put the threat of brokered deposits loss to IndyMac at $500 million a month, had the regulator disallowed IndyMac from acquiring new brokered deposits on June 30.
question: Who is the Senator that asked FDIC if it had considered ordering IndyMac to reduce its reliance on brokered deposits?, answer: Charles Schumer (D-NY) | question: What does the abbreviation FDIC stand for?, answer: Federal Deposit Insurance Corporation | question: How much of IndyMac's total deposits of $18.9 billion on March 31, 2008 were considered brokered deposits?, answer: a little over $7 billion | question: Had the FDIC disallowed IndyMac from acquiring new brokered deposits on this date, the threat of brokered deposit losses would have been $500 million a month?, answer: June 30 | question: How much was the threat of brokered deposit losses per month to IndyMac?, answer: $500 million