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Full Effects of Recent Hurricanes on Gulf Coast Banks Will Take Time to Assess
FDIC Offers Preliminary Analysis on FDIC-Insured Banks
The Federal Deposit Insurance Corporation (FDIC) today released the Winter
2005 edition of FDIC Outlook, which focuses on the unique challenges banks
face after Hurricanes Katrina and Rita. It also examines the impact that
four previous natural disasters have had on the local banking industry.
The FDIC Outlook is available on the Web at: www.fdic.gov/bank/analytical/regional/index.html.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,854 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet
at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html)
and may also be obtained through the FDIC’s Public Information
Center (877-275-3342 or (703) 562-2200). PR-2-2006
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