Deposit Insurance Fund
E45152
The Deposit Insurance Fund is the pool of money managed by the FDIC that is used to protect depositors by covering insured losses when member banks fail.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Deposit Insurance Fund canonical | 2 |
| FDIC deposit insurance fund | 2 |
| FDIC Deposit Insurance Fund | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
financial safety net
ⓘ
insurance fund ⓘ |
| administeredBy |
Board of Directors of the FDIC
ⓘ
surface form:
FDIC Board of Directors
|
| auditedBy |
Government Accountability Office
ⓘ
surface form:
U.S. Government Accountability Office
|
| beneficiary | depositors of FDIC‑insured institutions ⓘ |
| canBorrowFrom | U.S. Treasury under certain conditions ⓘ |
| componentOf |
Federal Deposit Insurance Corporation
ⓘ
surface form:
FDIC deposit insurance system
|
| country |
United States of America
ⓘ
surface form:
United States
|
| covers |
insured deposits at FDIC‑insured banks
ⓘ
insured deposits at FDIC‑insured savings associations ⓘ |
| doesNotCover |
mutual funds and similar investments
ⓘ
securities such as stocks and bonds ⓘ uninsured deposits above the insurance limit ⓘ |
| effectiveDateOfFormation | 2006 ⓘ |
| excludes | losses due to market fluctuations in investment values ⓘ |
| formedBy | merger of Bank Insurance Fund and Savings Association Insurance Fund ⓘ |
| fundedBy |
U.S. Treasury securities investments
ⓘ
assessments on FDIC‑insured depository institutions ⓘ investment income on fund assets ⓘ receivables from failed institutions ⓘ |
| governedBy | FDIC regulations ⓘ |
| hasAbbreviation | DIF ⓘ |
| hasLanguage | English ⓘ |
| hasProperty | backed by the full faith and credit of the United States government ⓘ |
| industry | financial services ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| legalBasis | Federal Deposit Insurance Act ⓘ |
| locatedIn |
United States of America
ⓘ
surface form:
United States
|
| maintainedAs | separate fund on the books of the FDIC ⓘ |
| managedBy | Federal Deposit Insurance Corporation ⓘ |
| measuredBy | reserve ratio of the fund to estimated insured deposits ⓘ |
| monitoredBy |
Federal Deposit Insurance Corporation
ⓘ
surface form:
FDIC
|
| notFundedBy | general tax revenues under normal circumstances ⓘ |
| owner |
Federal Deposit Insurance Corporation
ⓘ
surface form:
FDIC in its corporate capacity
|
| predecessor |
Federal Savings and Loan Insurance Corporation
ⓘ
surface form:
Bank Insurance Fund
Federal Savings and Loan Insurance Corporation ⓘ
surface form:
Savings Association Insurance Fund
|
| purpose |
cover insured deposit losses when member banks fail
ⓘ
protect insured depositors of FDIC‑insured institutions ⓘ |
| regulates | none (it finances resolutions rather than regulating directly) ⓘ |
| relatedTo |
FDIC insurance limit
ⓘ
FDIC risk‑based assessment system ⓘ |
| riskManagedBy | risk‑based premiums charged to insured institutions ⓘ |
| sector | banking ⓘ |
| subjectTo |
oversight by the U.S. Congress
ⓘ
statutory minimum reserve ratio requirements ⓘ |
| typeOfRiskCovered | loss of insured deposits due to bank failure ⓘ |
| usedFor |
paying deposit insurance claims
ⓘ
resolving failed FDIC‑insured banks and savings associations ⓘ |
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
FDIC deposit insurance fund
this entity surface form:
FDIC deposit insurance fund
this entity surface form:
FDIC Deposit Insurance Fund