... provide existing and prospective investors with additional information about a bank’s risk 1 Chapter 18Bank RegulationFinancial Markets and Institutions, 7e, Jeff MaduraCopyright ©2006 by ... balancesThe FDIC is managed by a board of five directors, who are appointed by the President 2 Chapter OutlineBackgroundRegulatory structureDeregulation Act of 1980Garn-St Germain ... depositIn 2003, three BIF-insured banks failed with total assets of $1.1 billionAs of 2 004, the BIF balance was about $34 billionIn 1991, the Federal Deposit Insurance Corporation Improvement...