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.

* * *


Universalium. 2010.

Игры ⚽ Нужно решить контрольную?

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

  • corp — noun a business firm whose articles of incorporation have been approved in some state • Syn: ↑corporation • Members of this Topic: ↑greenmail, ↑judgment in personam, ↑judgement in personam, ↑personal judgment, ↑personal judgement …   Useful english dictionary

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

  • National City Corp. — National City Corporation Former type Public (NYSE:NCC)[1] Industry Super regional banks …   Wikipedia

  • Associated Banc-Corp — Infobox Company |company name = Associated Banc Corp company company type = Public (nasdaq|ASBC) slogan = foundation = location = Green Bay, Wisconsin key people = Paul S. Beideman, CEO Chairman num employees = 5,101 industry = Financial services …   Wikipedia

  • New York Private Bank & Trust Corp. — New York Private Bank Trust Corporation is a bank holding company headquartered in New York City. As of early 2007, it had $17.3 billion in assets and was the 50th largest bank holding company in the United States. [cite web… …   Wikipedia

  • Office of Thrift Supervision — Agency overview Formed August 9, 1989 Preceding agency Federal Home Loan Bank Board Dissolved …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”