Federally insured depository institution definition

Federally insured depository institution means a state or national bank, state or federal savings bank, state or federal savings and loan association, or state or federal credit union that holds deposits insured by an agency of the United States.
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Federally insured depository institution means an institution whose deposits and
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Federally insured depository institution means an institution whose deposits and accounts are to any extent insured by a federal deposit insurance agency, including the Federal Deposit Insurance Corporation and the National Credit Union Administration.
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Examples of Federally insured depository institution in a sentence

  • As noted by proposed § 615.5131(f), Federal funds are loans, for 1 business day or under a continuing contract, to a Federally insured depository institution.

  • Repurchase (repos) agreements for a term not to exceed 30 days may be entered into with Federally insured depository institution to purchase and sale of securities identified under subparagraphs b, c and d.

  • The rule necessarily differs in some respects, however, from the FDIC regulations, because not all of the regulated entities are depository institutions, none is a Federally insured depository institution, and their important public missions, reflected in congressional charters, differ from those of banks and thrifts.The final rule establishes procedures for conservatorship and receivership and priorities of claims for contract parties and other claimants.

  • FMCSA interprets this to mean an ILC.easier to comply with the regulations if they know the specific asset classes FMCSA deems acceptable.FMCSA has therefore determined that cash, ILCs issued by a Federally insured depository institution, and Treasury bonds will constitute the acceptable categories of assets readily available.

  • The last date upon which both parties execute this Agreement, shall be the "Effective Date." All monies paid pursuant to this Paragraph shall be referred to as "Deposits" and upon receipt of a duly executed I.R.S. form W-9 from Purchaser, shall be deposited in an interest bearing money market account in a Federally insured depository institution.

  • Congress sought to prevent parties affiliated with federal depository institutions from "using bankruptcy to evade commitments to maintain capital reserve requirements of a Federally insured depository institution." H.R. Rep.

  • DAY, PRESIDENTS' DAY, Memorial day, DAY,9 Independence day, DAY, Labor day, DAY, Columbus day, DAY, Veterans'10 day, DAY, Thanksgiving day, DAY, and Christmas day.DAY.11 (d) "Federally insured depository institution" means a state12 or national bank, state or federal savings bank, state or federal13 savings and loan association, or state or federal credit union that14 holds deposits insured by an agency of the United States.


More Definitions of Federally insured depository institution

Federally insured depository institution means an
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Federally insured depository institution means a bank
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Federally insured depository institution means any insured depository institution as that term is defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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Federally insured depository institution means a state or national bank, state or federal savings and loan association, state or federal savings bank, or state or federal credit union whose deposits are insured by an agency of the federal government and which is organized under the laws of this state, another state, the District of Columbia, the United States, or a territory or protectorate of the United States.
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Federally insured depository institution with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k- 1(b)(1) of the Securities Exchange Act. 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. X
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Federally insured depository institution means an institution whose deposits and accounts are to
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Related to Federally insured depository institution

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

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