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.

Mentioned in

Bank Insurance
Bank Insurance Fund
CD
certificate of deposit
Checking Account
CollegeSure® CD
credit union
Deposit insurance
Deposit Insurance Fund
FDIC
Federal Deposit Insurance Corporation
Federal Financial Institutions Examination Council
Money market account
Money market fund
National bank
National Credit Union Administration
Nonbank banks
Resolution Trust Corporation
Savings account

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