People familiar with the matter said that Trump's advisers and officials in his newly formed Department of Government Efficiency asked him whether the Federal Deposit Insurance Corporation could be abolished. Some of them said that the advisers also asked nominees who are being considered for related positions at the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (OCC) whether the deposit insurance business could be incorporated into the Treasury Department. Although banking executives are optimistic that Trump will relax a series of regulations on capital buffers, consumer protection and industry consolidation reviews. But the Federal Deposit Insurance Corporation's deposit insurance business is seen as almost sacrosanct. Any move that even has the potential to undermine people's perception of deposit insurance could quickly set off a chain reaction in the banking industry and, during a crisis, could exacerbate customer panic. (Jinshi)