and other banks are also excluded from coverage. The deposit coverage limit was set at Rs 100,000 in 1987 for private individuals only.

_Source_ : Allrefer.com (2004), Garcia (1999).

**Sweden.** ( _Deposit Guarantee Board_ ) The deposit insurance scheme of Sweden was established in January 1996 based on the EU directive. In 1992, Sweden introduced a temporary guarantee of all bank liabilities for that year. This temporary guarantee mechanism was abolished in July 1996. The new system is officially administered and jointly funded. The government has borne losses in the past. The scheme covers saving and checking accounts as well as foreign currency and inter-bank deposits of up to SEK 250,000 (approximately $34,300 as of 2003).

_Sources_ : Own survey of deposit insurers, Garcia (1999), IADI Survey: Sweden (2003), Institute of International Bankers (1997).

**Switzerland.** ( _Deposit Guarantee Scheme_ ) The deposit guarantee scheme in Switzerland was established in 1984. It is privately administered. The scheme is funded exclusively by the members. There is no permanent fund in place. Banks make ex-post contributions when needed. Membership to the scheme is voluntary. The coverage limit for savings deposits per depositor is currently at CHF 30,000 with no coinsurance.

_Sources_ : Barth, Caprio, and Levine (2004), Garcia (1999), Kyei (1995).

**Taiwan.** ( _Central Deposit Insurance Corporation-CDID, Deposit Insurance Act, Article 46, 1985_ ) The DIS of Taiwan was established in 1985. It is officially administered and jointly funded. Membership to the system is compulsory by all deposit-taking financial institutions and the premium rates based on three different levels of risk are 0.05% 0.055%, and 0.06%. Initially, the maximum coverage of the scheme was NT$ 700,000, which has been set at NT$ 1 million since August 1987. The coverage is calculated per depositor per institution. Apart from CDIC, Taiwan government established the Financial Restructuring Fund to provide blanket guarantees in handling the problem institutions between July 11<sup>th</sup> , 2001 and July 19<sup>th</sup> , 2004 with a provision for a one-year extension. _Sources_ : Own survey of deposit insurers, IADI Survey: Taiwan (2003).

**Tanzania.** ( _Deposit Insurance Board-DIB, Financial Institutions Act, 1991_ ) The deposit insurance system of Tanzania was established in 1991 and became operational in 1994. It is government legislated and administered. The government provided the initial capital. The fund can borrow from the central bank. All types of deposits including inter-bank and foreign currency ones are covered up to TZS 250,000 without any co-insurance. Membership to the Fund is compulsory _Sources_ : Garcia (1999), IADI Survey: Tanzania (2003).

**Thailand.** Thailand has been offering a full blanket guarantee on all deposits since 1997, the aftermath of the financial crisis. A scheme is planned to be introduced. _Source_ : Garcia (2000).

**Trinidad & Tobago.** ( _Deposit Insurance Corporation, Financial Institutions Act 1986_ ) The deposit insurance scheme of Trinidad & Tobago was established in 1986. It is government legislated, officially administered and jointly funded. The fund can borrow from the central bank. The covered deposit types are demand, savings, and time deposits but not inter-bank and foreign currency deposits. The coverage limit per depositor is TT$ 50,000 which was worth US$ 14,000 at inception and was worth only US$ 7,930 as of 2003 due to devaluation over time.

_Sources_ : Garcia (2000), IADI Survey: Trinidad and Tobago (2003).

**Turkey.** ( _Saving Deposit Insurance Fund, Decree Law No. 70_ ) The fund in Turkey was established in 1983. Until August 2000 it was administered by the Central Bank and then the administration was transferred to the Banking Regulation and Supervision Agency (BRSA) which is financially and administratively autonomous from the government. It is jointly funded; however, the Fund had to be supported by the government especially after major crises in 1994 and 2000. Initially coverage was extended to deposits and CDs in Turkish Liras, and foreign currency denominated savings accounts of real persons domiciled in Turkey. Currently, deposits, by natural persons that are native or of foreign origin, in the forms of domestic currency, gold, and foreign currency are insured. The coverage limits have changed

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