Federal Deposit Insurance Corporation

American  

noun

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

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Federal Deposit Insurance Corporation Cultural  

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

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Example Sentences

And yet the warnings keep coming about the specter of 1929, a time before the Securities and Exchange Commission and Federal Deposit Insurance Corporation existed.

From MarketWatch

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

From Los Angeles Times

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

From Salon

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

From Seattle Times

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

From New York Times