BIF


Also found in: Acronyms, Wikipedia.

BIF (1)


BIF (2)

The ISO 4217 currency code for Burundian Franc.

BIF

1. Bank Insurance Fund. A pool of money created in 1989 by the FDIC to insure deposits made by banks who are members of the Federal Reserve System. The BIF was created to separate bank insurance money from thrift insurance money (which came from the Savings Association Insurance Fund). While this was likely beneficial for a time because of the savings and loan crisis, it created a perverse incentive for banks and thrifts to reclassify themselves as the other (i.e., a bank to a thrift or a thrift to a bank), depending on which fund had lower fees. This led to the passage of the Federal Deposit Insurance Act of 2005, which abolished the Savings Association Insurance Fund and the BIF and created a single Deposit Insurance Fund.

2. ISO 4217 code for the Burundian franc. It was introduced in 1964, replacing the Rwanda and Burundi franc. There are currently plans to replace the franc with the East African shilling, a common currency structured along the lines of the euro, by the end of 2009.
Mentioned in ?
References in periodicals archive ?
According to the commissioner, his ministry and BIF had encouraged pastoralists in Ladugga Grazing Reserve to experiment the growing of Napier grass in 2015.
At one point, Bif gives her sister a piece of advice: "It's one thing being scared of dying, Sandra.
Having fallen out over a CND march years back, it's been a long time since the siblings have seen each other, and when Sandra turns up on Bif's doorstep with no-one else to turn to, the dynamic is certainly entertaining.
Having fallen out over a CND march years back, it's been a long time since the siblings have seen each other and when Sandra turns up on Bif 's doorstep with no one else to turn to, the dynamic is certainly entertaining.
In a study examining the distribution of diagnoses in all children and adolescents who applied to a Child and Adolescent Psychiatry Unit in Turkey between January 2012 and April 2013, 2.2% of the diagnoses were BIF, 1.8% were SLD in boys and 2.9% were BIF and 2.3% were SLD in girls (2).
New Delhi [India], November 29 ( ANI ): The Broadband India Forum (BIF) on Wednesday welcomed the recently released recommendations by Telecom Regulatory Authority of India (TRAI) on Net Neutrality, emphasizing that the organization supports open internet.
"Our vision and hope for the establishment of the Beirut International Festival is to create cultural events that will take place throughout all parts of Beirut and on all platforms," Lama Salam, Prime Minister Tammam Salam's wife and chair of the BIF Association told reporters Tuesday.
DfID's Business Innovation Facility (BIF) programme is a challenge fund designed to develop or scale up innovative, inclusive business models.
Gold mineralisation at Westralia occurs within a well-defined banded iron formation (BIF) horizon from which in excess of 850koz was produced up to 1998.
28 June 2013 - Dutch builder Heijmans NV (AMS:HEIJM) said today it had formed a joint venture with Barclays Plc's (LON:BARC) investment arm Barclays Infrastructure Fund (BIF) that will focus on funding design, build, finance, maintaining and operating (DBFMO) projects in the Netherlands and Belgium.
Islamabad -- The renowned social-worker and Chairman, Baluchistan Intellectual Form (BIF), Abdul Wadood met the Prime Minister, Mir Hazar Khan Khoso at PM House, Islamabad in company with the three member delegation.
BIF to open next month, trade minister BAGHDAD/ Aswat al-Iraq: The 39 session of Baghdad International Fair will commence at the beginning of the next month, trade minister Kheiralla Babakr announced here today.