Taking Note of the Deposit Insurance Fund: A Plan for the FDIC to Issue Capital Notes
提出让FDIC发行资本票据来监控存款保险基金，票据利息在基金需要财政部贷款或纳税人注资时暂停或取消，从而激励票据持有人更清晰地反映基金状况，帮助监管者和纳税人监督基金健康。
In the United States the risk that a financial breakdown could lead to a taxpayer bailout of the deposit insurance fund has been cited to justify current regulatory controls on what activities may be affiliated with banks. Despite some regulatory changes in the 1990s to protect taxpayers from future debacles, however, widespread failures could still expose taxpayers to losses. ; This article proposes a new way to monitor the deposit insurance fund by having the FDIC issue capital notes. Because the interest paid on the notes would be suspended if the fund required a loan from the Treasury or eliminated if taxpayer funds were contributed to offset deposit insurance losses, noteholders would have more incentive to clearly signal the condition of the insurance fund. This signal would help regulators, taxpayers, and their congressional representatives monitor the health of the fund and would change the incentive structure facing FDIC directors. The cost of the notes would be minimal in part because the proceeds would be used to reduce banks' existing deposit insurance obligations.