Federal Deposit Insurance Corporation Improvement Act (fdicia) Of 1991

Definition of "Federal deposit insurance corporation improvement act (fdicia) of 1991"

John A Keller real estate agent

Written by

John A Kellerelite badge icon

Sand Dollar Realty Center Inc.

Act that provides new funding for the Bank Insurance Fund and enhances the safety and soundness of the financial system. The FDICIA includes the Foreign Bank Supervision Enhancement Act (FBSEA) of 1991, whose purpose is to enhance the authority of the Federal Reserve to supervise the entry of foreign banks into the United States banking system. Once having entered, the supervision would extend to the foreign banks operating within the system as well.

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