Federally insured depository institution definition

Federally insured depository institution means a state or national bank, state or federal savings bank, state or federal savings and loan association, or state or federal credit union that holds deposits insured by an agency of the United States.
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Federally insured depository institution means an institution whose deposits and accounts are to any extent insured by a federal deposit insurance agency, including the Federal Deposit Insurance Corporation and the National Credit Union Administration.
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Federally insured depository institution means an institution whose deposits and
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Examples of Federally insured depository institution in a sentence

  • The rule necessarily differs in some respects, however, from the FDIC regulations, because not all of the regulated entities are depository institutions, none is a Federally insured depository institution, and their important public missions, reflected in congressional charters, differ from those of banks and thrifts.The final rule establishes procedures for conservatorship and receivership and priorities of claims for contract parties and other claimants.

  • However, FMCSA acknowledges that brokers may find it easier to comply with the regulations if they know the specific asset classes FMCSA deems acceptable.FMCSA has therefore determined that cash, ILCs issued by a Federally insured depository institution, and Treasury bonds will constitute the acceptable categories of assets readily available.FMCSA considers this to be the broadest range of assets that meet the criteria set by Congress in MAP–21.

  • The FDIC's Policy Statement defines "minority depository institution" as any Federally insured depository institution where 51 percent or more of the voting stock is owned by minority individuals.

  • Federal funds means funds sold to or bought from a Federally insured depository institution for 1 business day or under a continuing callable contract which increases or decreases that institution's reserve account of immediately available funds with a Federal Reserve Bank.

  • Repurchase (repos) agreements for a term not to exceed 30 days may be entered into with Federally insured depository institution to purchase and sale of securities identified under subparagraphs b, c and d.

  • As noted by proposed § 615.5131(f), Federal funds are loans, for 1 business day or under a continuing contract, to a Federally insured depository institution.

  • FMCSA interprets this to mean an ILC.easier to comply with the regulations if they know the specific asset classes FMCSA deems acceptable.FMCSA has therefore determined that cash, ILCs issued by a Federally insured depository institution, and Treasury bonds will constitute the acceptable categories of assets readily available.

  • Congress sought to prevent parties affiliated with federal depository institutions from "using bankruptcy to evade commitments to maintain capital reserve requirements of a Federally insured depository institution." H.R. Rep.

  • DAY, PRESIDENTS' DAY, Memorial day, DAY,9 Independence day, DAY, Labor day, DAY, Columbus day, DAY, Veterans'10 day, DAY, Thanksgiving day, DAY, and Christmas day.DAY.11 (d) "Federally insured depository institution" means a state12 or national bank, state or federal savings bank, state or federal13 savings and loan association, or state or federal credit union that14 holds deposits insured by an agency of the United States.

  • The FDIC defines an MDI as (1) any Federally insured depository institution where 51 percent or more of the voting stock is owned by minority individuals; or (2) where a majority of the Board of Directors is minority and the community that the institution serves is predominantly minority.


More Definitions of Federally insured depository institution

Federally insured depository institution means an
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Federally insured depository institution means a bank
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Federally insured depository institution means any insured depository institution as that term is defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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Federally insured depository institution means a state or national bank, state or federal savings and loan association, state or federal savings bank, or state or federal credit union whose deposits are insured by an agency of the federal government and which is organized under the laws of this state, another state, the District of Columbia, the United States, or a territory or protectorate of the United States.
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Related to Federally insured depository institution

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.

  • Relevant Institution means a person that has permission under Part 4A of the Financial Services and Markets Act 2000 (permission to carry on regulated activity).

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Eligible postsecondary institution means an institution as defined in Iowa Code section 261C.3.

  • Eligible Institution Any of the following:

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • approved institution means an entity so named in a Certificate. From time to time the Fund may amend a previously delivered Certificate by delivering to the Transfer Agent a Certificate naming an additional entity or deleting any entity named in a previously delivered Certificate.

  • Qualified Institution means a depository institution organized under the laws of the United States of America or any state thereof or incorporated under the laws of a foreign jurisdiction with a branch or agency located in the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities that at all times has the Required Rating and, in the case of any such institution organized under the laws of the United States of America, whose deposits are insured by the FDIC.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Ineligible Institution has the meaning assigned to such term in Section 9.04(b).