Insured institution definition

Insured institution means an insured institution as defined in ORS 706.008.

Insured institution means a company, the deposits of which are insured under the provisions of the Federal Deposit Insurance Act, as amended, 12 U.S.C. 1811, et seq.

Insured institution means a company, the deposits of which are insured under the

Examples of Insured institution in a sentence

• Employees shall have the option to have payroll checks direct deposited in an FDIC Insured institution of their choosing.

• Such bond shaU be approved by the board of directors of the insured institution and the premium thereon shall be paid by it.(b ) Upon application of any Insured institution to the Cor­ poration, together with a statement of the duties and responsi­ bilities of its officers or employees, the Board of Trustees may ap­ prove a bond on a different basis.

• Insured institution cannot determine the exact covered third-party fees.

• The Town Treasurer is authorized to invest Town funds in any of the following types of institutions, subject to the provisions of this policy: Banks • Any FDIC insured institution incorporated under the laws of any state as a State bank, trust company or savings bank;• Any FDIC insured institution incorporated under the laws of this State or of the United States as a savings and loan association, or;• Any FDIC Insured institution incorporated under federal law as a bank.

More Definitions of Insured institution

Insured institution means an in- sured institution as defined in ORS 706.008.

Insured institution means a com- pany, the deposits of which are insured un- der the provisions of the Federal Deposit Insurance Act, as amended, 12 U.S.C. 1811, et seq.

Insured institution as defined in the Federal Deposit Insurance Act and applicable regulations thereunder, and the deposits in which are insured by the Bank Insurance Fund or Savings Association Insurance Fund.

Insured institution means any "insured bank," as defined in 12 U.S.C. Section 1813(h), or a similar definition under any succeeding federal law hereinafter enacted.

Insured institution means any "insured bank" as defined in 12 U.S.C. Section 1813(h), or a similar definition under any succeeding federal law hereinafter enacted.

Insured institution includes a federal savings and loan association, a savings bank, a building and loan, savings and loan, or homestead association, or a cooperative bank, whose accounts are insured by a state or national bank, or a savings bank whose accounts are insured by the Federal Deposit Insurance Corporation ("FDIC").

Insured institution means a company, the deposits of which are