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

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

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.

From New York Times

In March, the Federal Deposit Insurance Corporation, a banking regulator, effectively seized Signature and auctioned off different parts of its business.

From New York Times