Deposit Insurance Fund


Also found in: Acronyms.

Deposit Insurance Fund

An entity under the control of the Federal Deposit Insurance Corporation, with two subfunds called the Bank Insurance Fund and the Savings Association Insurance Fund. Depositors are insured to the extent of $100,000 of deposits per depositor per insured institution. Bank customers who buy securities offered by the financial institution do not receive insurance for those securities.By law,one should see prominently displayed on all such literature:“Not Insured by FDIC.”

References in periodicals archive ?
The legislative mechanism has been worked out to ensure compensation through the Deposit Insurance Fund and turn the red light to frauds, and even more so to increase responsibility not only of bank owners and management involved in the criminal scheme, but also of financial institutions participants of those schemes, the President said.
The Azerbaijan central bank has announced that it has allotted funds to the Azerbaijani deposit insurance fund (ADIF).
The objective of this paper is to update practitioners/instructors on the sustainability of the FDIC's Deposit Insurance Fund (DIF) and provide discussion questions for each section on how to apply this to the classroom environment.
ISTANBUL, Jul 29, 2011 (TUR) -- GE Capital Consultancy Corporation offered 53 million USD to buy Adabank, currently under control of Turkey's Savings Deposit Insurance Fund (TMSF).
About 32 per cent of the bank's short and long-term deposits are covered by Brazil's deposit insurance fund.
26 November 2010 - Turkey's savings deposit insurance fund (TMSF) has postponed the auction for local small lender Adabank, Reuters reported Friday, citing a TMSF official.
This week, the FDIC said estimated bank failures will cost the Deposit Insurance Fund $52 billion from 2010 through 2014, down from an earlier estimate of $60 billion.
It was obliged to set a $46 million loan loss reserve in 2009, and had its contributions to the Federal Deposit Insurance Fund increased by $6.
Money in the FDIC's deposit insurance fund comes from assessments on FDIC insured financial institutions.
Its failure is expected to cost the federal deposit insurance fund an estimated $2 billion.
Categories: Financial Management, Accountability, Communication, Consumer protection, Deposit Insurance Fund, Federal aid to localities, Federal aid to states, Federal funds, Federal/state relations, Financial institutions, Financial management, Financial statement audits, Financial statements, Fund audits, Funds management, Internal controls, Medicaid Program, Monitoring, Recession, Reporting requirements, Risk factors, Risk management, Troubled Asset Relief Program (TARP)
Loan interest rates in Bulgaria will remain unchanged until the end of the year, Dnevnik daily quoted Bisser Manolov, board chairperson of the Deposit Insurance Fund.

Full browser ?