Move to Expand Deposit Insurance Gains Momentum
A proposal to increase federal bank deposit insurance to $10 million on non-interest-bearing transaction accounts in community and regional banks has gained momentum in Congress and with the Trump administration. If enacted, it would raise the limit on transaction accounts for businesses and municipalities from its current $250,000 limit. This could eliminate the need to […]
Public Sector Financial Assets Continue to Grow, Even as the Economy Slows
Covid-19 revenue and spending patterns fueled strong growth in public funds investment balances over the past several years, and recent Federal Reserve data show that investment balances continued to expand this year to $3.7 trillion as of March 31, 2023.