federal deposit insurance corporation Antonyms
No Synonyms and anytonyms found
Meaning of federal deposit insurance corporation
Wordnet
federal deposit insurance corporation (n)
a federally sponsored corporation that insures accounts in national banks and other qualified institutions
federal deposit insurance corporation Sentence Examples
- The Federal Deposit Insurance Corporation (FDIC) safeguards customer deposits in FDIC-member banks.
- The FDIC provides deposit insurance coverage up to $250,000 per depositor, per insured bank.
- The FDIC is an independent agency that was created during the Great Depression to restore faith in the banking system.
- The FDIC ensures that depositors' funds remain available in the event of a bank failure.
- The FDIC assesses member banks to fund its deposit insurance coverage.
- The FDIC also examines member banks regularly to ensure their safety and soundness.
- The FDIC has the authority to take over or close failing banks.
- The FDIC's mission is to protect the rights of depositors and to promote the stability of the financial system.
- The FDIC works closely with other regulators, such as the Federal Reserve, to maintain a sound financial system.
- The FDIC provides guidance to banks on how to manage risks effectively, ensuring the safety of depositors' funds.
FAQs About the word federal deposit insurance corporation
a federally sponsored corporation that insures accounts in national banks and other qualified institutions
No synonyms found.
No antonyms found.
The Federal Deposit Insurance Corporation (FDIC) safeguards customer deposits in FDIC-member banks.
The FDIC provides deposit insurance coverage up to $250,000 per depositor, per insured bank.
The FDIC is an independent agency that was created during the Great Depression to restore faith in the banking system.
The FDIC ensures that depositors' funds remain available in the event of a bank failure.
