View Slideshow NASA will attempt to break the aircraft speed record next week by flying a jet plane at 7,000 mph, or nearly 10 times the speed of sound, say planners for the agency’s experimental X-43A project. NASA. March 4, 2015. Retrieved March 7, 2015. This article incorporates text from this source, which is in the public domain. The FDIC was created to address a massive failure in the banking system and the loss of public trust in their financial institutions. 1933. The regulatory powers of the FDIC were extended in the wake of the global financial crisis and Great Recession of 2007 through 2009. It remains to be seen whether new agencies like the Consumer Finance Protection Board and the Office of Complex Financial Institutions will be able to rein in the country’s largest banks and safeguard the ordinary bank customer and homeowner against the volatility of the financial markets. In the 1980s, years of recession saw massive bank failures in the U.S., especially among savings and loan institutions. Unless someone buys me a winning Powerball lottery ticket for Christmas, I am never going to have more than $250,000 in a single bank account.

If you have money in both a checking account and a retirement account at the same bank, the FDIC will insure both accounts up to $250,000 each, because they are two different categories. The FDIC separates insured accounts into different ownership categories: single accounts, joint accounts, qualifying retirement accounts, revocable and irrevocable trusts and government accounts. This division examines the business practices and investment strategies of insured banks and determines whether they are sound or have potential for failure. MAVEN will hunker down and ride out potential danger from particles coming off of the passing comet as Opportunity, Curiosity, and Mars Reconnaissance Orbiter take images. It was part of the last series of images Voyager 1 took before shutting off its cameras to conserve power. Returning as many high-resolution images of the comet coma and nucleus as possible, subject to the cost constraints of the mission. It doesn’t cost a dime of taxpayer money to operate and it has successfully insured every U.S. About 80 U.S. planes were lost on the return when they ran out of gas and ditched or crashed, but more than half of the crew members were rescued. The Chairman is appointed by the President of the United States and is subject to approval by the U.S.

Except for life insurance policies, these accounts’ respective values are subject to fluctuations in economic, social and political circumstances, making them bad gambles for the FDIC. If there is a bank willing to take the accounts under its wing, the FDIC draws on its insurance fund to essentially re-create the depositors’ accounts (up to the insured amount) in the volunteering bank. What happens to my money if my bank closes down? As the FDIC sells off a failed bank’s assets and loans, it will distribute the profits to help restore any uninsured money that depositors may have lost. These types of accounts generally involve much larger amounts of money than the FDIC would be able to reliably and consistently cover. Both accounts are fully covered by the FDIC. A few of the rules that are part of testing frameworks cover codes, methods to process test data objects, repositories for objects, ways to store test results, as well as instructions on how to connect external resources.

Even if you buy stocks, bonds or other securities through your bank, the FDIC does not cover them. To determine your exact FDIC coverage at an FDIC-insured bank, use this FDIC calculator. Since 1933, every depositor at every failed FDIC-insured bank has been reimbursed every last penny. Do I really need a bank account? It’s possible for John Smith to have up to $250,000 in a single checking account and another $500,000 in a joint checking account he shares with his wife. Likewise, if you and your spouse have $500,000 in a joint CD account, you are both insured up to $250,000 each, so that $500,000 is fully covered by FDIC deposit insurance. Division of Resolutions and Receiverships: When an insured bank fails, these guys swoop in to save the account holders. If no bank will take the accounts, the FDIC directly pays the depositors up to the insured amount of $250,000. But it’s comforting to know that my cash savings – as meager as they are – are at least fully insured. Because Kepler must observe at least three transits to confirm that the dimming of a star was caused by a transiting planet, and because larger planets give a signal that is easier to check, scientists expected the first reported results to be larger Jupiter-size planets in tight orbits.