The Federal Deposit Insurance Corporation (FDIC) made an unusual move last week in attempting to save the failing New Frontier Bank in Greeley, CO. Normally, the FDIC finds a larger bank to buy the floundering bank and the problem is solved without much change or notice. But when no buyers were found for New Frontier Bank, the FDIC was forced to utilize a power acquired from Congress in 1933, during the Great Depression; they created a temporary 30-day bank. This tactic is so rare that the FDIC had not created a temporary bank since 1982, when it saved Oklahoma-based Penn Square. In fact, the current case is only the 6th instance of the FDIC using this tactic in 47 years. The temporary replacement for New Frontier Bank is being called the Deposit Insurance National Bank of Greeley, and it gives accountholders a 30-day-long opportunity to deposit their money elsewhere. The FDIC has given control of the temporary bank to San Francisco-based Bank of the West, presumably because the FDIC itself does not have the staff to run it.