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.

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.

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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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