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 ?
While there were many reasons monetary policy encountered strong headwinds during that period, surely the legislative and regulatory reactions to the taxpayer funding of the thrift deposit insurance fund and to the depleted nature of BIF compounded our problems.
The subject of the public contract is to manage a portfolio of investment instruments Deposit Insurance Fund, on a discretionary basis under contractual arrangements.
The FDIC estimates that the cost of two bank failures to the Deposit Insurance Fund will be USD89.5m.
Motorola had reached an agreement on 28 October 2005 to settle its financial and legal claims against Telsim and the Turkish Savings and Deposit Insurance Fund (TMSF), under which it received cash payment of USD500m plus the right to receive 20% of the sale of Telsim's assets.
The Board recognizes the key role that bank capital plays in protecting the deposit insurance fund from the market, credit, legal, and operational risks that banks assume and manage.
Movable and immovable property of Azerbaijani banks that are in process of liquidation - Bank Standard, Texnikabank, Zaminbank, Royalbank and Bank of Azerbaijan - have been put up for auction in 63 lots, the Azerbaijan Deposit Insurance Fund (ADIF) said in a message on June 4.
Bulgaria's Bank Deposit Insurance Fund has announced the names of the nine banks to be in charge of reimbursing deposits at Corporate Commercial Bank (Corpbank or KTB) from December 4.After KTB has been under conservatorship since June 20, depositors are still waiting for access to their savings.
Meanwhile, proceeds from the sale of corporate assets are added to the Deposit Insurance Fund, PDIC s main fund source for payment of insured deposits.
The FDIC insures deposits for as much as USD250,000 a depositor, and it estimates that the cost of the bank failure to the Deposit Insurance Fund will reach USD13.5m.
Increasingly, bank capital is seen primarily as providing a cushion for the deposit insurance fund rather than a buffer for the economy.
As of April 4, Azerbaijan Deposit Insurance Fund (ADIF) paid compensations worth 45.5 million manats (1.7 manats = $1 on April 4) to the depositors of Azerbaijan's DemirBank OJSC, the license of which was revoked in December 2017, the ADIF said in a message April 4.
The court will question representatives of KTB, the Bulgarian National Bank, Sofia City Prosecution and the Deposit Insurance Fund (DIF).

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