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Federal Deposit Insurance Corporation

noun

  1. a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks. : FDIC


Federal Deposit Insurance Corporation

  1. A federal agency that insures deposits in the savings accounts of qualifying banks.
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Example Sentences

Examples have not been reviewed.

These boxes can hold important documents, family keepsakes, pictures and other important items, according to the Federal Deposit Insurance Corporation.

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It is a federal crime, for example, to steal money deposited in banks whose deposits enjoy protection under the Federal Deposit Insurance Corporation.

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Synapse isn’t a bank, so its regulation is not handled by the Federal Reserve or the Federal Deposit Insurance Corporation.

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More widely, other similarly funded federal regulators and agencies — including the Federal Deposit Insurance Corporation — would face similar questions.

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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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federal courtFederal District