Federal Deposit Insurance Corporation (FDIC)
A federal agency that provides insurance on Funds deposited with banks and thrift institutions. Established in 1933 for the purpose of instilling confidence in the nation's banking system, the FDIC insures deposits for up to $100,000 per account-holder per financial institution. It was created by the Banking Act Of 1933. On the Web at www.fdic.gov.
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capital requirement
Savings Association Insurance Fund (SAIF)
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