The Deposit Insurance Fund is in Negative Territory / by urbanexus

On October 30, 2010, the  Casey's Daily Dispatch blog included the following chart of the major components of the Federal Deposit Insurance Corporation (FDIC) balance sheet.   The purpose of the Deposit Insurance Fund (DIF)  is to make sure depositors suffer no losses when banks fail.  It dipped into negative territory in the third quarter of 2009 and while the deficit has shrunk slightly since the beginning of 2010, the DIF remains about $15 billion underwater.  Let us hope that the fund balance line continues curve tends to move upward.