Deposit insurance

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Deposit insurance

Deposit Insurance

A guarantee by some organization that funds in a bank deposit will be available to the account holder. That is, if the bank becomes insolvent, insured deposits are safe and depositors will be able to access them. Deposit insurance is made by a government-sponsored organization such as the FDIC. Deposit insurance exists in order to reduce pressures that might result in bank runs.
References in periodicals archive ?
FDIC deposit insurance is backed by the full faith and credit of the U.
First, we review the DD model and show how FDIC deposit insurance differs from the model in several key respects.
Global Banking News-2 February 2010-US calls for increasing FDIC deposit insurance fund(C)2010 ENPublishing - http://www.
The five failures will cost the FDIC deposit insurance fund an estimated $401.
Passage of this new legislation in general, and the Congressional action increasing the FDIC deposit insurance limits in particular, should help restore U.
11] Neither of these conditions is met in the current configuration of BIF and SAIF; so it is unlikely that any competitive benefits now offset the costs of maintaining two separate FDIC deposit insurance funds.
It said only 46 percent of customers were told on the phone that Wall Street investments lacked FDIC deposit insurance.
The service includes dollar-for-dollar escrow insurance with no upper limit, eliminating the need to maintain escrow accounts at more than one bank due to limited FDIC deposit insurance.
More information about the TAG program and FDIC deposit insurance coverage may be found at the FDIC's website www.
This type of FDIC deposit insurance is the same protection the FDIC offers for checking and other bank accounts.
The quarterly earnings during the quarter were impacted by a previously announced special FDIC deposit insurance assessment applicable to all insured depository institutions, which reduced Trustmark's net income by USD2.