The SIPC Fund was established in 1970. The target level of the Fund is set out in SIPC’s Bylaws and has increased from an initial target of $150 million in 1970, to the current target of $2.5 billion today.
SIPC Fund Comparison, Inception to December 31, 2012
SIPC member assessments and interest on U.S. Government Securities bought by SIPC are deposited into the Fund. When the Fund falls below a target level, SIPC members are assessed on a percentage of their revenues.
SIPC also has a $2.5 billion line of credit with the U.S. Treasury.