Federal Deposit Insurance Corporation Improvement Act (fdicia) Of 1991
Definition of "Federal deposit insurance corporation improvement act (fdicia) of 1991"
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.
Popular Insurance Terms
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Intentional damage or destruction of another person or business's property. Insurance can be purchased by the owner of the property to protect against this exposure. ...
Time, in health insurance, from the first day of a disability, illness, or accident during which no benefits are payable. The longer the probationary period, the lower the premium. ...
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