Examples of Covered institution in a sentence
These options are being considered only for Covered institutions.The definition of a Covered institution is being actively considered.
The Covered institution alsomust have the capability to generate a standard data set of deposit account fields necessary for the FDIC to conduct the deposit insurance determination.Except as discussed below for Option 1, the standard data set would be comprised of information the bank already has on hand.
As a consequence, the FDIC is most likely to use a bridge bank structure in the resolution of a Covered institution, although a pay-off or a purchase and assumption transaction remain possibilities.
Covered institution employees are required 10 19 to report to the administrator any instance of a lending 10 20 institution attempting to give a gift to such covered 10 21 institution employees.
Covered institution 15 17 employees who are directly involved with or benefit from the 15 18 functions of the covered institution's financial aid office 15 19 are required to report to the administrator all participation 15 20 or financial interests related to any lending institution.