Federal Deposit Insurance Act (FDIA) | Practical Law
Federal Deposit Insurance Act (FDIA)
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Federal Deposit Insurance Act (FDIA)
Practical Law Glossary Item 9-503-0549
(Approx. 2 pages)
Glossary
Federal Deposit Insurance Act (FDIA)
The federal statute that, among other things:
Establishes and sets the powers, responsibilities, and administration of the
Federal Deposit Insurance Corporation
(FDIC).
Establishes the Deposit Insurance Fund.
Sets the rules for banks to be insured by the FDIC.
Sets safety and soundness standards for all insured banks.
Regulates certain transactions and operational activities of all insured banks.
Regulates the permissible business activities of insured state banks.
(
12 U.S.C. §§ 1811
to
1835a
.)