Federal Deposit Insurance Corp. (FDIC)
- Federal Deposit Insurance Corp. (FDIC)
-
Independent U.S. government corporation created to insure bank deposits against loss in the event of a bank failure and to regulate certain banking practices.
Established after the bank holiday in early 1933, the FDIC was intended to restore public confidence in the system. It insures bank deposits in eligible banks up to $100,000 for each deposit. All members of the
Federal Reserve System are required to insure their deposits with the FDIC, and almost all commercial banks in the U.S. choose to do so.
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Universalium.
2010.
Look at other dictionaries:
Federal Deposit Insurance Corporation — noun a federally sponsored corporation that insures accounts in national banks and other qualified institutions • Syn: ↑FDIC • Hypernyms: ↑corporation, ↑corp * * * a public corporation, established in 1933, that insures, up to a specified amount … Useful english dictionary
FDIC — Federal Deposit Insurance Corp … Acronyms
FDIC — Federal Deposit Insurance Corp … Acronyms von A bis Z
FDIC — noun a federally sponsored corporation that insures accounts in national banks and other qualified institutions • Syn: ↑Federal Deposit Insurance Corporation • Hypernyms: ↑corporation, ↑corp * * * See Federal Deposit Insurance Corporation. * * *… … Useful english dictionary
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