For the Record - Aug. 30, 2007
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Countrywide woes: An article in Section A on Aug. 16 about how a credit crunch was affecting Countrywide Financial Corp. said that according to the Federal Deposit Insurance Corp.’s website, nearly 40% of deposits at the company’s Countrywide Bank unit were not insured by the FDIC as of March 31. But the federal Office of Thrift Supervision, the bank’s chief regulator, said only 12% of Countrywide Bank’s deposits were uninsured. The FDIC subsequently advised using the Office of Thrift Supervision’s figure.
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