After what date can no more than 3 members of the FDIC Board be from the same political party?

The correct answer relates to the statutory requirement for the composition of the FDIC Board of Directors, which stipulates that no more than three members can belong to the same political party. This regulation ensures a balance of political perspectives within the board, aiming to uphold the integrity and objectivity of the FDIC's decisions.

The specific date, February 28, 1993, marks the implementation of this requirement as part of broader financial reforms enacted during that period. These reforms were intended to enhance the functionality and governance of financial institutions and to establish norms that would prevent any one political party from dominating the board, reflecting a commitment to bipartisan representation.

Other dates provided in the options either precede the establishment of this regulation or fall after it, making them inaccurate in this context. The emphasis on balanced political representation is crucial for the FDIC, as decisions made by the board impact the stability of the banking system and, by extension, the economy as a whole.