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Bank Insurance |
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Bank Insurance A guarantee on a specified amount of deposits in a bank. Notes: The guarantee is made by a public or private corporation and protects against losses if the bank goes bankrupt. This is referred to by different names, depending on the country.See also: Bank, Bankruptcy |
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? Mentioned in | ? References in periodicals archive | |
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Michael White's Bank Insurance & Investment Fee Income Report House Banking Committee chairman Jim Leach (R-lowa) told members attending the American Institute of CPAs national conference on savings institutions that before the end of the year the House and the Senate would consider legislation to consolidate the Bank Insurance Fund (BIF) with the Savings Association Insurance Fund (SAIF). The cost to the bank insurance fund to cover American Savings Bank losses, the spokesperson said, would be $400 million. |
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Bank Insurance