The four Federal banking agencies issued today the attached joint statement that addresses the agencies' supervisory approach to possible temporary balance sheet growth due to potential unusual market responses around the century date change.
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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 10,390 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.
FDIC press releases and other information, including today's quarterly
listing, are available on the Internet at www.fdic.gov or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).