FDIC


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  • noun

Synonyms for FDIC

a federally sponsored corporation that insures accounts in national banks and other qualified institutions

References in periodicals archive ?
The bank entered into an arrangement with the FDIC as part of the acquisition of loans and real estate assets, following the failure of Suburban Federal Savings Bank in Maryland, in an FDIC-assisted acquisition in 2009.
1, 2007, the FDIC has named approximately 205 individual appraisers and appraisal firms as defendants in lawsuits alleging professional negligence.
Defendants may also seek to assert that pre-closing activities by the FDIC in its corporate capacity or post-closing activities in its regulatory capacity caused or contributed to the bank's losses.
In 2009, there were 140 FDIC Insured banks that failed; in 2010, 157 banks failed.
Money in the FDIC's deposit insurance fund comes from assessments on FDIC insured financial institutions.
With regard to failing and problem state member banks, we coordinate closely with the FDIC early in the process, when material problems are first identified.
Three days after Medcor took over the tax lien, the FDIC took over Dollar Dry Dock Bank, which held the restaurant's mortgage.
If the FDIC follows its own schedule, collection of the assessment will be via ACH direct debit on Nov.
It said only 46 percent of customers were told on the phone that Wall Street investments lacked FDIC deposit insurance.
Until recently, the FDIC failed to use risk-based insurance premiums, argues Petri, enabling banks that were active lenders to "boom" sectors of the economy such as oil and real estate to attract deposits long after warning signs of coming "busts" would have otherwise scared off depositors.
If coverage hadn't been hiked in 1980 and perverted the intent of insured funds, says former FDIC Chairman William Isaac, "We would have saved $50 billion or more.
com/research/952tf7/2012_fdic_ruling) has announced the addition of the "2012 FDIC Ruling Survey Report" report to their offering.
5 million in FDIC insurance for individual accounts and up to $35 million for joint accounts -
Global Banking News-August 24, 2012--Banks charging improper FDIC fees(C)2012 ENPublishing - http://www.