FDIC Releases History of Agency's Response to the Financial Crisis — 2017-12-18

FDIC Releases History of Agency’s Response to the Financial Crisis The Federal Deposit Insurance Corporation (FDIC) on Monday released a history of the financial crisis focusing on the agency’s response and lessons learned from its experience. Crisis and Response: An FDIC History, 2008–2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises—first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC’s response, contributes to an understanding of what occurred, and shares lessons from the agency’s experience. “This work is a valuable account of this extraordinary period in U.S. financial history and of the critical contributions made by the FDIC,” Chairman Martin J. Gruenberg said.