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SPEECH | SEPTEMBER 28, 2023 |
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Remarks by FDIC Chairman Martin J. Gruenberg to The 22nd Annual Bank Research Conference Sponsored by the FDIC’s Center for Financial Research
Introduction
Good afternoon. I hope you are enjoying the 22nd annual Bank Research Conference. It is my pleasure to address you here today at the first fully-in-person Bank Research Conference since 2019. We are also celebrating the 90th anniversary of the establishment of the FDIC this year.
The Bank Research Conference is an example of the important role that research has played at the FDIC since it was established by the Banking Act of 1933. In fact, in the FDIC’s first full year of operation in 1934, the FDIC Board established the Division of Research and Statistics. During that first year and amid extraordinary banking stress, the Division developed data on the condition of 93 percent of licensed commercial banks in the United States, conducted a study of depositor losses from 1865 to 1934, and analyzed efforts to stabilize the banking system. Ninety years later, the FDIC remains reliant on and committed to high quality bank data, analysis, and research to inform our important work in maintaining the stability of the banking system and financial sector.
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