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Federal Deposit Insurance Corporation

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Federal Deposit Insurance Corporation (FDIC)
A federal institution that insures bank deposits.

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The Federal Reserve Board and the Federal Deposit Insurance Corporation announced on February 25, 2005, the execution of a joint written agreement by and among the Federal Reserve Bank of New York and the Federal Deposit Insurance Corporation with David Bodner and Murray Huberfeld.
Federal Deposit Insurance Corporation (FDIC) Chairman Ricki Heller said the legislation was good for both banks and depositors.
It still is awaiting a nod from the Federal Deposit Insurance Corporation and the Federal Reserve Board.
 
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