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A federal government agency established in 1933, that insures deposit accounts in member banks up to $100,000. The Federal Deposit Insurance Corporation (FDIC) was created on June 16, 1933, under the authority of the Federal Reserve Act, section 12B (12 … It is funded by members’ banks' insurance dues and has a line of credit with the United States Department of Treasury worth $100 billion. This organization provides A federal agency that insures deposits in member banks and thrifts up to $100,000. Learn about the FDIC’s mission, leadership, history, career opportunities, and more. The Federal Deposit Insurance Corporation (FDIC) is an agency of the U.S. government that insures deposits in banks and thrift institutions, supervises the risks associated with these insured funds, and limits the repercussions on the economy when a bank or thrift institution fails. Federal Deposit Insurance Corporation (FDIC) Franklin D Roosevelt was the 32nd American President who served in office from March 4, 1933 to April 12, 1945. Related Terms. The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions.The FDIC is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings banks. The United States agency in charge of bank depository insurance in the US. Federal Deposit Insurance Corporation explanation. Federal Deposit Insurance Corporation. Federal Deposit Insurance Corporation: FDIC. Federal Deposit Insurance Corporation (FDIC) The FDIC collects premiums from member banks to fund an account, the Deposit Insurance Fund (DIF), which covers depositors for any losses resulting from bank failure. as part of FDR's New Deal Programs that encompassed his strategies of Relief, Recovery and Reform to combat the … The FDIC is a government corporation that insures accounts in national banks and other qualified institutions. The Federal Deposit Insurance Corporation (FDIC) is an independent agency—created by the U.S. government—designed to protect consumers in the U.S. financial system. Federal Reserve. Federal Deposit Insurance Corporation: The Federal Deposit Insurance Corporation (FDIC) was created on June 16, 1933, under the authority of the Federal Reserve Act, section 12B (12 U.S.C.A. Partner Center Find a Broker. The FDIC also has primary federal supervisory authority over insured state banks that are not members of the Federal Reserve System. Passed in 1991, the FDIC Improvement Act (FDICIA) strengthened the role of the Federal Deposit Insurance Corporation (FDIC) in overseeing banks and protecting consumers. Daily News & Analysis According to the Federal Deposit Insurance Corporation , which is often appointed as the receiver of failed banks, 73 entities have gone belly up since October 1, 2000. Federal Deposit Insurance Corporation (FDIC). The FDIC is best known for deposit insurance, which helps protect customer deposits in case a bank fails. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. Also known as the FDIC. +1 (305) 503-9050; Login / Register . STUMPAGE refers to: a. Federal Deposit Insurance Corporation - a federally sponsored corporation that insures accounts in national banks and other qualified institutions... Federal Depositor's Insurance Corporation - definition of Federal Depositor's Insurance Corporation by The Free Dictionary. Legal definition of Federal Deposit Insurance Corporation: independent government corporation created in 1933 (after the disastrous collapse of the banking system) with the duty to insure bank deposits in eligible banks against loss in the event of a bank failure and to regulate certain banking practices. ACTION: Final rule. § 264(s)). Dictionary entry overview: What does Federal Deposit Insurance Corporation mean? Definition of Federal Deposit Insurance Corporation Improvement Act of 1991 in the Financial Dictionary - by Free online English dictionary and encyclopedia. Tap card to see definition ... expanded coverage of the federal deposit insurance and potentially increased moral hazard problems. It was established by Congress in 1933 following the numerous bank failures that occurred during the Great Depression. The Federal Deposit Insurance Corporation, better known as the FDIC, was established in 1933 to provide insurance for the money Americans put into their bank accounts. 1. a federally sponsored corporation that insures accounts in national banks and other qualified institutions Familiarity information: FEDERAL DEPOSIT INSURANCE CORPORATION … Sign in Create an Account Today, FDIC insurance works in largely the same fashion: It guarantees that even if your bank goes bankrupt, your money will be safe. • FEDERAL DEPOSIT INSURANCE CORPORATION (noun) The noun FEDERAL DEPOSIT INSURANCE CORPORATION has 1 sense:. ... placed at these facilities overseas would not be affected by this Final Rule and would continue to receive FDIC deposit insurance if they meet the definition of “deposit” in section 3(l) of the FDI Act. Federal Deposit Insurance Corporation definition: An independent agency of the U.S. government that insures bank deposits. Learn more. The FDIC, or Federal Deposit Insurance Corporation, is an agency created in 1933 during the depths of the Great Depression to protect bank depositors and Federal Deposit Insurance Corporation (FDIC) definition - What does Federal Deposit Insurance Corporation (FDIC) mean? Federal Deposit Insurance Corporation: 1 n a federally sponsored corporation that insures accounts in national banks and other qualified institutions Synonyms: FDIC Type of: corp , corporation a business firm whose articles of incorporation have been approved in some state De Federal Deposit Insurance Corporation (FDIC) is een Amerikaanse nationale instelling die ten doel heeft banktegoeden te garanderen, vergelijkbaar met het Europese depositogarantiestelsel.Vanaf medio 2011 is Martin Gruenberg de voorzitter van deze organisatie. This definition explains the Federal Deposit Insurance Corporation (FDIC) as an independent agency of the United States federal government that supports the banking system by insuring deposits. The four federal banking agencies (the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision) agreed on April 29, 2005, that additional analysis is needed before publishing a notice of proposed rulemaking (NPR) with respect to the U.S. According to 12 CFR 336.3 [Title 12 -- Banks and Banking; Chapter III -- Federal Deposit Insurance Corporation; Subchapter B -- Regulations and Statements of General Policy; Part 336 -- FDIC Employees; Subpart B -- Minimum Standards of Fitness for Employment With the Federal Deposit Insurance Corporation], federal deposit insurance fund means “the Deposit Insurance Fund, the … One of the important events during his presidency was the establishment of the Federal Deposit Insurance Corporation. Federal Deposit Insurance Corporation (FDIC) The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the federal government that was created to maintain stability and public confidence in the United States banking system.. Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC): US government agency that guarantees to a limited extent … Learn new Accounting Terms. In 2008, a temporary increase was made to raise the level to $250,000, in response to the financial crisis at that time, and this increase expires at the end of 2009 (with the exception of some retirement accounts). The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created in 1933. Federal Deposit Insurance Corporation. Quick definitions from WordNet (Federal deposit insurance corporation) noun: a federally sponsored corporation that insures accounts in national banks and other qualified institutions Words similar to federal deposit insurance corporation Usage examples for federal deposit insurance corporation Looking for definition of Federal Deposit Insurance Corporation? Legal definition for FEDERAL DEPOSIT INSURANCE CORPORATION: More commonly referred to by its abbreviation as FDIC; the general agency which insures deposits in U.S. banks which promotes public confidence in the banking system and pro Federal Deposit Insurance Corporation Law and Legal Definition The Federal Deposit Insurance Corporation (FDIC) is an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. Term Federal Deposit Insurance Corporation Definition: A program established by Congress in 1933, during the worst of the Great Depression, to insure the deposits of failed banks.Abbreviated FDIC, it operates operates much like any private insurance company. What is Federal Deposit Insurance Corporation Improvement Act of 1991? Categories Other. Federal deposit insurance definition is - federal insurance of bank deposits in the U.S. up to a stated limit per depositor created under the Banking Act of 1933. The Federal Reserve is the central bank of the United States. Definition of the-federal-deposit-insurance-corporation in Oxford Advanced Learner's Dictionary. It also covers its creation and purpose, issues with cybersecurity and its role in the 2008 Great Recession. The Federal Deposit Insurance Corporation, which is often appointed as the receiver for failed banks, said the Freedom Bank of Georgia was shut down on March 6. Federal Deposit Insurance Corporation. Define Federal Deposit Insurance Corporation by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal … The Federal Deposit Insurance Corporation (FDIC) is a corporation in the US that delivers deposit insurance to depositors of banks in the United States. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Meaning of Federal Deposit Insurance Corporation Improvement Act of 1991 as a finance term. Its main mission is to maintain the public’s confidence in the country’s financial system, and its primary role is to insure deposits and protect depositors against bank failure. FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) is an agency of the federal government that insures accounts at most commercial banks and mutual savings banks. the Federal Deposit Insurance Corporation meaning: a financial organization within the US government that insures the money of people who save with…. 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