Federal Deposit Insurance Corporation


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Noun1.Federal Deposit Insurance Corporation - a federally sponsored corporation that insures accounts in national banks and other qualified institutionsFederal Deposit Insurance Corporation - a federally sponsored corporation that insures accounts in national banks and other qualified institutions
corp, corporation - a business firm whose articles of incorporation have been approved in some state
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By insuring deposits, the Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the US financial system.
The Federal Deposit Insurance Corporation has said that Yuma, Arizona-based Foothills has acquired all the deposits and almost all of the assets of Summit, which operated one branch in Prescott, Arizona.
Federal Deposit Insurance Corporation ST: Michigan, California IN: FIN SU:
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system.
Federal Deposit Insurance Corporation has estimated that the failure would cost the agency's deposit insurance fund about USD85m.
The Shared National Credit (SNC) Program was established in 1977 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.
Partly in a bid to address these issues, regulators from all five federal agencies that oversee the nation's financial institutions--the Federal Deposit Insurance Corporation, the Federal Reserve Board, the Office of Thrift Supervision, the OCC and the National Credit Union Association--met with representatives of the AICPA in September 2000.
Recently, two bank regulatory bodies, the Comptroller of the Currency and the Federal Deposit Insurance Corporation (FDIC), agreed that Blackfeet National Bank may underwrite and sell its CD/annuity product without being subject to state insurance laws.
The Bank's reports filed from time-to-time with the Federal Deposit Insurance Corporation , including the Bank's Form 10-KSB for the year ended December 31, 2005 and the Company's Prospectus, dated November 13, 2006, describe some of these factors, including general economic conditions, changes in interest rates, deposit flows, the cost of funds, changes in credit quality and interest rate risks associated with the Company's business and operations.
The proposed rule was issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.
When the Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 was passed, many bankers denounced it as the epitome of regulatory burden, according to Richard Scott Carnell, assistant secretary of the treasury for financial institutions.

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