Established: As an independent agency by the Federal Reserve Act (48 Stat. 162), June 16, 1933.
Functions: Insures bank deposits, pays depositors of insolvent banks, and acts as receiver. Regulates banking industry.
Finding Aids: Preliminary inventory in National Archives microfiche edition of preliminary inventories.
Related Records:Subject Access Terms: Temporary Federal Deposit Insurance Fund.
34.2.1 Records of the Office of the Chairman
Textual Records: Letters and memorandums of Leo T. Crowley, Chairman of the Board of Directors, 1934-45.
Subject Access Terms: Reconstruction Finance Corporation; Standard Gas and Electric Company.
34.2.2 Records of the Office of the Executive Secretary
Textual Records: Minutes of the meetings of the Board of Directors, September 11, 1933-December 22, 1964. Minutes of meetings of the Committee on Administrative Procedures, Regulations, and Forms; Committee on Bank Assessments; Credit Union Committee; Liquidation Committee; Board of Review; and special committees, 1936-66. Comment letters concerning proposed changes to regulations, 1975-80.
Textual Records: Lists of national banks, 1941. Records relating to changes among operating banks and FDIC actions on bank cases, 1936-67. Records relating to the construction of the FDIC building, 1939-62.
34.3 Records of Operating Divisions
1920-88
34.3.1 Records of the Legal Division
Textual Records: Case files of banks brought before the Board of Directors pursuant to Section 8 of the Federal Deposit Insurance Act of 1950 ("Section Eight Files"), 1937-55. General records concerning federal legislation, 1925-76. Records relating to federal legislation on absorption of exchange, 1943-49.
34.3.2 Records of the Division of Research and Strategic Planning
Textual Records: Lists of banks by amount of deposits, 1920-58. Records of the Banking and Business Section, 1934-65, including reference materials of Clark Warburton, a division economist and later chief of the section, and historical studies and reports. Records relating to banking legislation, 1937-76. Records pertaining to the structural analysis of deteriorating banks, 1943-64. Records concerning assets and liabilities of all operating banks and trust companies, 1947-65. Office files of Carter Golembe, a division financial economist, 1951-62. Bank management simulation game and related materials, 1969-76.
Subject Access Terms: State banking laws; suspended banks; bank failures; guaranty funds; receiverships; banking practices; assets and liabilities of operating banks; Financial Institutions Act of 1951.
34.3.3 Records of the Division of Accounting and Corporate
Services
Textual Records: Bank structure cards, 1933-88.
34.3.4 Records of the Division of Bank Supervision (1971- ) and
its predecessor, the Division of Examination (1934-71)
Textual Records: Memorandums to review section chiefs and review examiners, 1934-55; supervising examiners, 1934-69; examiners and assistant examiners, 1934-66; and regional directors, 1966-75. Failing bank and assistance transactions case files, 1969-71.