Sentences with phrase «federal deposit»

A downside of money market funds is they are not covered by federal deposit insurance.

Some way of rolling back and ultimately ending federal deposit insurance must be found.

NAR also won a spot to testify at hearings this spring by the Federal Deposit Insurance Corporation to weigh approval of an application for federal deposit insurance by Wal - Mart, which is seeking to launch an industrial loan company that would be chartered in Utah.

Then again, even assuming your collection of savings vehicles is totally covered by federal deposit insurance (which you can check by going to the FDIC's Electronic Deposit Insurance Estimator tool), it still may not be the paragon of financial security you think.

That's because carrying a prepaid card is a lot safer than carrying cash, and a prepaid card comes with many of the same purchase protection and security benefits of credit cards, along with federal deposit insurance protection.

Although the underlying deposits are eligible for FDIC insurance, subject to applicable federal deposit insurance limits, the Units of the Bank Deposit Portfolio are not insured or guaranteed by the FDIC or any other government agency.

Saying the process was taking too long, Wal - Mart pulled the plug on its effort to launch an industrial loan corporation, a state - chartered bank that receives federal deposit insurance through the Federal Deposit Insurance Corp..

The 1,603 - page bill, negotiated by Republican and Democratic appropriators and leaders, drew Democrats» ire when they discovered it would roll back the Dodd - Frank law due to go into effect next year by killing planned restrictions on derivatives trading by large banks, allowing them to continue trading swaps and futures in units that benefit from federal deposit insurance and Federal Reserve loans.

«I support efforts to improve the efficacy of the Volcker rule while preserving its underlying goal of prohibiting banking firms from engaging in speculative activities for which federal deposit insurance and other safeguards were never intended.

However, virtual banks, when compared to brick and mortar banks have comparable levels of security, like firewall protection and encryption, and standard federal deposit insurance too.

The FISN Division offers multiple banks to extend the limit on federal deposit insurance, while any one bank or thrift can provide only $ 250,000 in insurance per depositor.

Money held in Digit is kept safe the same way a typical bank savings account is: via federal deposit insurance, up to a balance of $ 250,000.

2Although the underlying deposits are eligible for FDIC insurance, subject to applicable federal deposit insurance limits, the units of the Bank Deposit Portfolio are not insured or guaranteed by the FDIC or any other government agency.

ILCs are state - chartered banks that receive federal deposit insurance; their numbers have been increasing in recent years, the FDIC says.

If you compare MMDAs with money - market funds, the limits on liquidity and typically lower rates add up to a high premium to pay for federal deposit insurance.

Federal deposit insurance, since its birth in the 1930s, has meant that a comparatively risky bank (one with capital less adequate to cover potential losses on its asset portfolio) no longer faces a penalty in the market for retail deposits.

According to the Federal Deposit Insurance Corporation (FDIC), as of March 31, 2017 there were a total of 5,856 banks in the U.S. operating under its Federal deposit insurance umbrella.

Although the state insurance guaranty system operates differently than the FDIC's federal deposit insurance program, it's similar in that it provides a safety net of sorts for owners of insurance policies and annuities in the event an insurer becomes insolvent.

(ii) Any bank, savings bank, or savings and loan institution whose deposits or accounts are eligible for insurance by the federal deposit insurance corporation or the federal savings and loan insurance corporation, or a subsidiary of such bank, savings bank, or savings and loan institution;

All banks, savings and loan associations, and credit unions doing business in Missouri have federal deposit insurance with the FDIC for banks, and NCUSIF for credit unions.

Credit unions have access to federal deposit insurance through the National Credit Union Administration that is backed by the full faith and credit of the United States government.

If you're investing in CDs and it's more than $ 250,000, you'll definitely want to deposit your funds in multiple institutions because federal deposit insurance maxes out at $ 250,000 per depositor per bank.

Federal deposit insurance is identical at every bank: It insures deposits up to $ 250,000 per depositor, per institution.

A bank or savings and loan association whose deposits or accounts are eligible for insurance by the federal deposit insurance corporation or the federal savings and loan insurance corporation, or successor deposit insurance entities, or a subsidiary of a bank or savings and loan association.

Finally, institutional investors can't take advantage of the federal deposit insurance for CDs, due to the relatively low limits, so for them, CDs have credit risk, unlike for retail investors who aren't investing billions of dollars in fixed income.

Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $ 250,000 federal deposit insurance limit, per depositor for each account ownership category.

(2) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the federal deposit insurance corporation or the federal savings and loan insurance corporation or a subsidiary of such a bank or savings and loan association;

It's just that we've built elaborate systems around safeguarding that money, like banks, federal deposit insurance, and credit ratings.

Financial holding companies and their subsidiaries, armed with direct and indirect federal subsidies (including low - cost funds through access to the federal discount window, federal deposit insurance, interest - rate subsidies, and financial information databases), could compete unfairly with real estate companies and their affiliates by cross-subsidizing banking and financial operations.

Potential impact: Financial holding companies of national banks would gain a competitive advantage over nonaligned real estate brokers in offering one - stop home shopping because of their federal deposit insurance, interest - rate subsidies, and databases on their financial services customers.