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Federal Deposit Insurance Corp. |
Also found in: Dictionary/thesaurus, Financial | 0.03 sec. |
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Fremont closed its home-lending operations after the Federal Deposit Insurance Corp. In March, Congress's investigative arm found 26 problems with the way the Federal Deposit Insurance Corp. The Federal Reserve Board, the Federal Deposit Insurance Corp. |
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