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