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 ?
Given the inherently risky nature of fractional reserve banking, the FDIC is charged with an extremely difficult task in creating a sustainable Deposit Insurance Fund.
The interests of the deposit insurance fund are best served by pursuing a private transaction that acquires the whole Wachovia enterprise and with no risk to U.
Reforms'' of the deposit insurance fund in 1996 and again in 2005 required the FDIC to charge banks nothing, or close to it, when they're flush with cash, and to dun them hardest when the tough times hit.
The Savings Deposit Insurance Fund, controlled by the banking regulator, says only two or three of the 13 troubled banks taken over by the government can be sold, and the rest will probably be disposed of through mergers.
By creating a separate deposit insurance fund for thrifts that is subservient to the Federal Home Loan Bank Board, Congress strengthened the thrift regulator's ability to pursue its industry-promotion objective.
adopted rules to revive the savings and loan deposit insurance fund by having thrifts and some banks make a one-time payment of $4.
At the same time, the government rescue last month of the Kizu Credit Union and Hyogo Bank effectively drained Japan's deposit insurance fund and revealed the vulnerability of other financial institutions," he added.
It would be politically advantageous for candidates to speak up for their communities in return for the billions of dollars we're forking over to keep up the deposit insurance fund.
Acting within an hour of each other last Thursday the House and Senate approved different versions of banking legislation, setting the stage for intense negotiations over the weekend as both bodies rushed to provide funding for the federal deposit insurance fund.
Our solution would have avoided any loss to the Deposit Insurance Fund and spared the industry millions of dollars of additional assessments now required to cover this cost to the Deposit Insurance Fund.
According to the bill, following a written request submitted by the finance minister or the chief of the Deposit Insurance Fund, the assignees appointed at a bank in insolvency would have the right to reveal information on customers with privileged interest rates.
The bank, considered to be the largest Islamic lender in the nation, has demanded that the state-run Savings Deposit Insurance Fund (TMSF) return the bank's rights to control its management.

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