Definitions for fdic
fdic

Princeton's WordNetRate this definition:0.0 / 0 votes

1. Federal Deposit Insurance Corporation, FDICnoun

   a federally sponsored corporation that insures accounts in national banks and other qualified institutions

WikipediaRate this definition:0.0 / 0 votes

1. FDIC

   The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks.: 15  The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common.: 15  The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States of America, and since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds.The FDIC is not supported by public funds; member banks' insurance dues are its primary source of funding. When dues and the proceeds of bank liquidations are insufficient, it can borrow from the federal government, or issue debt through the Federal Financing Bank on terms that the bank decides.As of September 2019, the FDIC provided deposit insurance at 5,256 institutions. The FDIC also examines and supervises certain financial institutions for safety and soundness, performs certain consumer-protection functions, and manages receiverships of failed banks.

ChatGPTRate this definition:0.0 / 0 votes

1. fdic

   The FDIC (Federal Deposit Insurance Corporation) is a U.S. government corporation created by the Glass-Steagall Act of 1933 to maintain stability and public confidence in the national banking system. It does this by insuring deposits in banks, which means if a bank fails, the FDIC will reimburse depositors for their lost funds up to a certain amount. It also supervises certain financial institutions for safety and soundness, performs certain consumer-protection functions, and manages banks in receiverships (failed banks).

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1. FDIC

   What does FDIC stand for? -- Explore the various meanings for the FDIC acronym on the Abbreviations.com website.

Matched Categories

1. • Corporation

How to pronounce fdic?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say fdic in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of fdic in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of fdic in Pythagorean Numerology is: 4

Examples of fdic in a Sentence

1. Janet Bodnar:

   Set up a savings account earmarked for your vacation and make regular, automatic contributions, you want to make sure funds are held in an FDIC-insured institution, and compare interest rates to what you’d get at a bank — though interest rates at banks are so low right now it’s almost shameful.

2. Brian Wise:

   We know that it doesn't just stop with the FDIC. This is a program that includes the CFPB, FDIC, Department of Justice and may lead all the way up to the president.

3. Jaret Seiberg:

   We are unsurprised the FDIC retained loans as we would expect banks to be cautious on quickly buying loans without liability and loss protections, more broadly, we see it as positive for consumer confidence for the branches to be opening Monday as NYCB branches.

4. The FDIC:

   Given the committee's concerns about potential retaliation against whistleblowers discussed in previous letters to the FDIC, the FDIC's inclusion of a novel watermark raises serious questions about whether the agency it attempting to identify the source of committee materials.

5. Joe Biden:

   No losses will be borne by the taxpayers. Let me repeat that: No losses will be borne by the taxpayers, the management of these banks will be fired. If the bank is taken over by FDIC, the people running the bank should not work there anymore.

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References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=fdic
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Fdic
3. ^ ChatGPT
   https://chat.openai.com