Posts
Federal Deposit Insurance Corporation (FDIC) – is an independent organization created by Congress in 1933 in order to maintain financial stability and the public’s confidence in the nation’s banking system. The FDIC provides insurance coverage for your deposit in banks and thrift institutions up to $100,000. The FDIC is also responsible for examining and supervising more than half of the institutions in the US Banking system.
The FDIC is a governmental agency which provides insurance on bank deposits to maintain the stability of banks and keep public confidence high regarding the safety of the United States depository system. Following the crash of 1929 the general public was understandably worried about putting a substantial portion of their life savings into a bank—any bank. The FDIC offered a degree of confidence that the financial devastation could not or would not occur again due to federal government insurance. The FDIC insures a consumer’s deposit up to a total of $100,000. That’s an important number if you have accumulated more than $100,000.
Copyright © 2008, Home Ownership Matters, LLC. All Rights Reserved.
You can find more helpful definitions of WORDS like these in Your Real Estate Advisor which can be purchased at www.DovePublishingHouse.com.
(Please E-mail Heather at homeownershipmatters@gmail.com with any questions, comments or concerns you might have! We appreciate all comments and feedback, so please don't be shy.)
The FDIC is a governmental agency which provides insurance on bank deposits to maintain the stability of banks and keep public confidence high regarding the safety of the United States depository system. Following the crash of 1929 the general public was understandably worried about putting a substantial portion of their life savings into a bank—any bank. The FDIC offered a degree of confidence that the financial devastation could not or would not occur again due to federal government insurance. The FDIC insures a consumer’s deposit up to a total of $100,000. That’s an important number if you have accumulated more than $100,000.
Copyright © 2008, Home Ownership Matters, LLC. All Rights Reserved.
You can find more helpful definitions of WORDS like these in Your Real Estate Advisor which can be purchased at www.DovePublishingHouse.com.
(Please E-mail Heather at homeownershipmatters@gmail.com with any questions, comments or concerns you might have! We appreciate all comments and feedback, so please don't be shy.)
No comments:
Post a Comment