Insured bank definition

Insured bank means a state bank the deposits of which are insured in accordance with the provisions of the Federal Deposit Insurance Act.

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Insured bank means a bank that is an insured depository institution, as defined in the Federal Deposit Insurance Act at 12 U.S.C. § 1813(c).

Insured bank means a bank or savings and loan association insured by an agency of the United States.

Examples of Insured bank in a sentence

• Insured bank obligations may have a limited market and a particular investment of this type may be deemed "illiquid" unless the Board of Directors of the Fund determines that a readily-available market exists for that particular obligation, or unless the obligation is payable at principal amount plus accrued interest on demand or within seven days after demand.

• Insured bank obligations may have a limited market and a particular investment of this type may be deemed "illiquid" unless the Board of Trustees of the Fund determines that a readily-available market exists for that particular obligation, or unless the obligation is payable at principal amount plus accrued interest on demand or within seven days after demand.

• Agent shall deposit all funds collected by the Agent in a Federally Insured bank in Hawaii, designated by the Agent.

More Definitions of Insured bank

Insured bank means a bank which is a member of the Federal Deposit Insurance Corporation.

Insured bank means a bank, the deposits of which are insured by the Federal Deposit Insurance Corporation.

Insured bank means a corresponding new bank or a banking company or a Regional Rural Bank or an eligible co-operative bank for the time being registered under the provisions of this Act and includes for the purposes of sections 16, 17, 18 and 21, -

Insured bank means a bank, the deposits of which are insured by the

Insured bank means bank insured under this Act.

Insured bank means a bank or savings and loan association whose deposits are insured by an agency of the United States.

Insured bank means a bank that is a member of the Federal Deposit Insurance Corporation.