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Federal Deposit Insurance Corporation
noun
- a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks. : FDIC
Federal Deposit Insurance Corporation
- A federal agency that insures deposits in the savings accounts of qualifying banks.
Example Sentences
These boxes can hold important documents, family keepsakes, pictures and other important items, according to the Federal Deposit Insurance Corporation.
It is a federal crime, for example, to steal money deposited in banks whose deposits enjoy protection under the Federal Deposit Insurance Corporation.
Synapse isn’t a bank, so its regulation is not handled by the Federal Reserve or the Federal Deposit Insurance Corporation.
More widely, other similarly funded federal regulators and agencies — including the Federal Deposit Insurance Corporation — would face similar questions.
Republic First Bancorp, known as Republic Bank, had about $4 billion in deposits at the end of January and assets worth $6 billion, the Federal Deposit Insurance Corporation said in a statement.
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