The Competitive Equality Banking Act of 1987 expanded FDIC authority to include?

The Competitive Equality Banking Act of 1987 expanded the authority of the Federal Deposit Insurance Corporation (FDIC) primarily to include the ability to provide open bank assistance. This was a crucial development in the context of the banking sector during the 1980s, as financial institutions faced significant challenges. Open bank assistance allows the FDIC to take actions to support and stabilize a financially troubled bank deemed too important to fail, thereby protecting depositors and the overall banking system.

The inclusion of open bank assistance ensures that the FDIC can step in when a bank is in distress, allowing it to continue operating while addressing its financial issues. This authority not only helps maintain public confidence in the banking system but also safeguards the interests of depositors.

In contrast, the other choices are not relevant to the specific expansion of authority mentioned in the Competitive Equality Banking Act. Oversight of credit unions and regulation of investment funds fall outside the FDIC's mandate and are typically overseen by different regulatory bodies. Similarly, while performing credit analysis for loans is an essential function for financial institutions, it does not represent an expansion of FDIC authority under this particular legislative act.