Bank Deposit Insurance Schemes in Selected Industrial Countries
|Belgium||…5||Joint||Pool||All6, 7||Variable, case by case||Yes|
|Canada||1967||Official||Pool||All domestic currency8||Can$20,000||Yes|
|France||1979||Private||Unfunded||All domestic currency||F 200,000||Yes|
|Germany, Fed. Rep. of||1976||Private||Pool||All7, 9||30% of bank’s stated equity capital||No|
|Japan||1971||Joint||Small pool||All domestic currency6, 9||¥ 3,000,000||Yes|
|Netherlands||1979||Joint||Unfunded||All but company deposits||f. 30,000||No|
|Switzerland||Under consideration||…||Pool||All||100% up to Sw F 20,000|
75% Sw F 20,000–30,000
50% Sw F 50,000–75,000
|United Kingdom||1982||Official||Small pool||All domestic currency||75% up to £10,000||Yes10|
Countries listed are the industrial countries whose banks are active in the international capital markets.
Schemes organized by banks in most cases were undertaken at the initiative of the authorities.
Unfunded schemes are supported by guarantees from the participating banks. Pools often include similar protection. In the United States, for example, the Federal Deposit Insurance Corporation has a credit line with the Treasury.
Liabilities to other banks are usually not covered. Coverage is usually limited to banking entities located within the country. In some cases, certain types of deposit are not covered (e.g., “bons de caisse” in France, certificates of deposit in the United Kingdom).
No formal system in effect, but the Rediscount and Guarantee Institute provides financial support to troubled banks, with further support available since 1975 from a supplementary special intervention reserve.
Excludes domestic branches of foreign banks.
Also covers interbank deposits.
Includes foreign branches of domestic banks.
Except for foreign banks with equivalent coverage from home country.
However, U.S. branches of foreign banks doing retail business and, by state law, banks in all but three states must be members.