Federal Deposit Insurance Corporation Improvement Act(redirected from Federal Deposit Insurance Improvement Act of 1991)
Federal Deposit Insurance Corporation Improvement Act
Commonly abbreviated FIDCIA. Legislation in the United States, passed in 1991, that allowed the FDIC to borrow from the United States Treasury in order to save or to liquidate savings and loan associations that were deemed to be in danger of insolvency. It required the FDIC to handle these S&Ls in the least expensive way possible. See also: Bailout Bond.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved