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Federal Deposit Insurance Corporation
(redirected from FDIC)

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Federal Deposit Insurance Corporation

US government authority established in 1933 to regulate US banks and insure them against loss.

The body was set up following the collapse of the banking sector early in 1933. All members of the Federal Reserve System are required to belong to the FDIC, and many other US banks that are prepared to conform to certain regulations are also members.
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They also provide for immediate payment of the full amount of FDIC coverage available to beneficiaries, regardless of any limitations stipulated in the trust document.
The Federal Deposit Insurance Corp. (FDIC) in January changed its ... by Journal of Accountancy
The FDIC has also issued guidance to insured depository institutions about selected provisions of the Sarbanes-Oxley Act related to corporate governance, audits and reporting requirements.
Federal banking regulators release updated internal audit policy ... by CPA Letter
The idea was to help the FDIC find all the account holders when a bank failed.
Be Wary of a 'Registered' CD Broker by Quinn, Jane Bryant / Los Angeles Business Journal
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