Insured Depository Institution definition

Insured Depository Institution. Insured Depository Institution shall have the meaning ascribed to such term by Section 1813(c)(2) of Title 12 of the United States Code, as amended from time to time.

Insured Depository Institution means any bank or savings association the deposits of which are insured by the Corporation pursuant to the Act, or any subsidiary thereof.

Insured Depository Institution. As defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended from time to time.

Examples of Insured Depository Institution in a sentence

• The Sub-Deposit Account may not be transferred to another institution, except by us or the Insured Depository Institution.

• We are under no obligation to place your funds with an Insured Depository Institution.

• We do not guarantee in any way the financial condition of an Insured Depository Institution or the accuracy of any publicly available financial information concerning an Insured Depository Institution.

• Although there are two or more accounts associated with your funds (the Account and the Sub-Deposit Account), your Account is treated as a single account for reporting deposits and withdrawals, as well as for tax reporting, balance requirement, service charge, and monthly statement (which will reflect the total balance in your Account and each Sub-Deposit Account, excluding any interest or amounts owed or belonging to us or any Insured Depository Institution).

• You further acknowledge and agree the income that we and/or an Insured Depository Institution earn through our respective lending and investing activities may be greater than the interest earned by you pursuant to the Account Agreement (if any), that we and Insured Depository Institutions may also receive other financial benefits in connection with the funds in your Sub-Deposit Account.

More Definitions of Insured Depository Institution

Insured Depository Institution means any bank or savings association, as defined in 12 U.S.C. 1813, the deposits of which are insured by the FDIC.

Insured Depository Institution means a bank or savings association in which the deposits are insured by the federal deposit insurance corporation.

Insured Depository Institution means any bank or savings association the deposits of which are insured by the Federal Deposit Insurance Corporation;

Insured Depository Institution means any bank or thrift, the deposits of which are insured by the Federal De- posit Insurance Corporation as deter- mined in 12 U.S.C. 1813(c)(2);

Insured Depository Institution means any depository institution (ex- cept for a foreign bank having an in- sured branch) the deposits of which are insured in accordance with the provi- sions of the Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.)

Insured Depository Institution means any bank or savings association the deposits of which are insured by the FDIC.

Insured Depository Institution means any bank or thrift, the deposits of which are insured by the Federal Deposit Insurance Corporation;