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The Federal Deposit Insurance Act of 1950, Pub. L. 81–797, 64 Stat. 873, enacted September 21, 1950 by the 81st United States Congress and signed into law by Harry S. Truman is a statute that governs the Federal Deposit Insurance Corporation (FDIC).
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [ 8 ] : 15 The FDIC was created by the Banking Act of 1933 , enacted during the Great Depression to restore trust in the American banking system.
Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994; Federal Deposit Insurance Act; Federal Deposit Insurance Reform Act; Federal Employees' Group Life Insurance Act; Federal Interpleader Act of 1917; Federal Interpleader Act of 1936; Flood Insurance Reform Act of 2004
Deposit Insurance, Federal Deposit Insurance Corporation. Accessed November 18, 2024. Accessed November 18, 2024. SoFi Receives Regulatory Approval to Become a National Bank , SoFi.
FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money is safe for up to a limit of $250,000 per depositor, per FDIC-insured ...
The standard deposit insurance coverage limit, as offered at banks that are members of the Federal Deposit Insurance Corp. (FDIC), is $250,000 per depositor, per bank, per ownership category.
A third option was made available by the Federal Deposit Insurance Act of 1950: providing assistance, the power to support an institution through loans or direct federal acquisition of assets, until it could recover from its distress. [24]
Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg testifies before the Senate Banking, Housing and Urban Affairs Committee March 28, 2023 in Washington, DC. (Photo by Win McNamee ...