In addition to insuring accounts, the FDIC today has the additional power of

Question

Quizplus · Accepted Answer

The FDIC has the additional power of establishing higher capital requirements for banks. This is designed to ensure that banks have enough capital to absorb potential losses and protect depositors. This power was granted to the FDIC following the 2008 financial crisis, and is intended to strengthen the overall stability of the banking system. The other options (setting reserve requirements, establishing FOMC goals, and establishing the discount rate) are powers held by the Federal Reserve, not the FDIC.

In Addition to Insuring Accounts, the FDIC Today Has the Additional