Crisis and Response: An FDIC History, 2008–2013

Learn about the FDIC, its functions and its history, and how the FDIC’s diverse combination of authorities allowed it to play a unique role during the crisis years.

How did the U.S. financial system move so quickly from apparent prosperity and growth to a breakdown that brought the system to a standstill?

Learn how the FDIC used the Temporary Liquidity Guarantee Program, or TLGP, to respond to the system-wide problems of the financial crisis.

Learn how the systemic risk exception was used during the financial crisis for three of the nation’s four largest banks to help stabilize financial markets.

Learn how FDIC bank supervisors responded to the crisis and the lessons they learned.

FDIC officials describe how the FDIC finances it’s mission to protect insured depositors and resolve failed banks through the Deposit Insurance Fund. They also talk about the challenges to the Fund during the crisis and post-crisis reforms to strengthen the Fund.

FDIC officials describe how the FDIC handled the 489 banks closed during the banking crisis.