Functioning Peculiarities of the Deposit Insurance System in the USA

Abstract

The article analyzes the current state of the deposit insurance system of the United States and identifies the goals, objectives and key features of its operation. It describes the historical features of the system creation and building and its development in the post-crisis period during the recovery of the global financial markets. Also, there studied new tools that were developed and introduced in the work of the Financial Deposit Insurance Corporation as the institutional part of the governance of the deposit insurance system in the United States, which include, first of all, the introduction of the procedures of orderly liquidation of insolvent banks. In the article there also examined modern mechanisms of counteraction to crisis phenomena in the framework of the national banking systems for prevention of the emergence of insolvent banks, which are effectively used in the US by the relevant governmental authorities in the regulation of the financial services markets.

Keywords

• deposit
• deposit insurance
• Financial Deposit Insurance Corporation in the USA
• procedure of orderly liquidation
• Federal Reserve System
• deposit market
• deposit services
• financial intermediaries