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Month: November 2020

Bank insurance

Definition Bank Insurance

What is bank insurance? Bank insurance is a guarantee by the Federal Deposit Insurance Corporation (FDIC) of deposits in a bank. Established in 1989, the Bank Insurance Fund is the federal fund used to insure the bank deposits of national and state banks that are members of the Federal Reserve System. Bank insurance helps protect […]

Posted on November 9, 2020November 3, 2021 Author Ruth J. Stuckey Comment(0)

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