This paper examines the cash management practices of firms during the period of increased FDIC insurance on noninterest-bearing accounts. While the Transaction Account Guarantee Program and Dodd-Frank Act were intended to help banks by preventing deposit withdrawals, they also seem to have...

This paper is the first to examine the unlimited deposit insurance on noninterest-bearing transaction accounts (NIBTAs) provided by Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). During Dodd-Frank, banks had a smaller ratio of NIBTAs compared to later...