0
FDIC stands for Federal Deposit Insurance Corporation. The purpose of this is to provide "Deposit Insurance" which guarantees the safety of cash deposited in its member banks, currently up to US $ 250,000 per depositor per bank. Currently FDIC insures deposits at more than 7500 institutions in the USA. This is to ensure that customers do not lose out their hard earned money in case of bank failures or bankruptcy.
It came from the United States of America.
What else can I help you with?
Where do the other federal courts come from?
it comes from asia
What year did crop insurance come out?
legislative reform in the 1920's
Most of the supreme courts cases come?
The Supreme Court of the United States was created in 1789. Most of the cases the court hears come from lower courts. Each year, the Supreme Court receives 7,000 or more requests to hear cases from lower courts.
Which statement accurately analyzes how federalism has changed over time in the United States?
States have come to depend more on federal funding and intervention in the state affairs
Where do delegated powers come from?
Delegated powers come from the Constitution, which grants specific authorities to different branches of government. In the United States, for example, the Constitution delineates powers to the federal government while reserving others for the states. These powers are often referred to as "enumerated powers," as they are explicitly listed in the Constitution, and any powers not granted to the federal government are reserved for the states or the people under the Tenth Amendment.
Who is FDIC and what role did it have during The Great Depression?
FDIC stand for Federal Deposit Insurance Corporation. The purpose of the FDIC is to guarantee peoples deposits in a bank up to $250,000. Or in other words, if the bank your account is at goes out of business, and you have $1,000 in it. The FDIC will pay you the $1,000 and so on up to a max payout of $250,000. The FDIC was formed June 16, 1933 in the midst of The Great Depression. During this time, bank runs were a common occurrence, where people would mob the banks looking to withdraw all of the money in their accounts. Unfortunately, banks only carried a fraction of all the accounts value in reserve, so essentially it became a matter of first come first serve and since there was no such thing as deposit insurance at the time, once the banks reserves ran out, that $1,000 you used to have is now gone! Not too good when unemployment is 25% and the Stock Market had decreased in value by 75%! Therefore, the FDIC would become one of numerous plans to come out of President Franklin D. Roosevelt's New Deal, that would begin to stabilize the American economy after the worst economic downturn in American history.
What is Andersen Corporation's motto?
Andersen Corporation's motto is 'Come home to Andersen'.
How do corporation come into existence?
Check
What nationalty does the IBM Corporation come from?
usa
How do multinational corporation come into existence?
Check
Where does the funding come from for the Children's Healthcare Insurance Program?
The CHIP or Children Healthcare Insurance Program is funded by federal government. The act to this effect was signed by President Obama on 9th Feb 2009 calling it "down payment on my commitment to cover every single American"
How soon does your tax refund come back with direct deposit?
Gdoyshxohxo
Does a representative have to come out to a house in order to give insurance quotes?
If you are looking for insurance for your house then yes, normally an insurance broker or representative would have to come out to your house and analyze it.
Are boilers covered by homeowners insurance?
Since boilers are used in industries, they do not come under the purview of homeowners insurance and would rather come under Fire & Burglary insurance.
How can you check if a corporation owes back taxes?
You can do a corporate search on the corporation to see the status. Many times the Secretary of State for each state will tell you why they are suspended and whether or not it is at the State of Federal level. You can also use resources like Lexis Nexis or Westlaw and run a corporate search. In some cases the amounts owed come up.
How long do points stay on your license for no insurance?
when do points come of license for insurance
Is it important to care about cost of insurance?
Yes, as you will understand when you come to have to purchase insurance.
