Differences
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| Both sides previous revisionPrevious revisionNext revision | Previous revision |
| fdic_notes [2023/03/10 20:12] – admin | fdic_notes [2023/03/10 23:22] (current) – [links I came across] admin |
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| ==== qna ==== | ==== qna ==== |
| ??? What is an advanced dividend? | ??? What is an advance dividend? |
| !!! From https://www.fdic.gov/bank/historical/reshandbook/glossary.pdf | !!! From https://www.fdic.gov/bank/historical/reshandbook/glossary.pdf |
| > A payment made to an uninsured depositor after a bank or thrift failure. The amount of the advance dividend represents the FDIC’s conservative estimate of the ultimate value of the receivership. Cash dividends equivalent to the board-approved advance dividend percentage (of total outstanding deposit claims) are paid to uninsured depositors, thereby giving them an immediate return of a portion of their uninsured deposit. Sometimes when it is projected that all depositor claims will be paid in full an advance dividend will be provided to unsecured creditors. | > A payment made to an uninsured depositor after a bank or thrift failure. The amount of the advance dividend represents the FDIC’s conservative estimate of the ultimate value of the receivership. Cash dividends equivalent to the board-approved advance dividend percentage (of total outstanding deposit claims) are paid to uninsured depositors, thereby giving them an immediate return of a portion of their uninsured deposit. Sometimes when it is projected that all depositor claims will be paid in full an advance dividend will be provided to unsecured creditors. |
| ==== links I came across ==== | ==== links I came across ==== |
| * https://www.fdic.gov/bank/historical/bank/ - shows the number of bank failures by year. The same chart also shows the total assets involved. | * https://www.fdic.gov/bank/historical/bank/ - shows the number of bank failures by year. The same chart also shows the total assets involved. |
| | * https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/ - has detailed information on how joint accounts are handled. |
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