District of Columbia Bylaws of Great American Bank, FSB
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How to fill out Bylaws Of Great American Bank, FSB?
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FAQ
Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposit insurance is calculated dollar-for-dollar, principal plus any interest accrued or due to the depositor, through the date of default.
Under the interpretation set forth in General Counsel Advisory Opinion 94-1, "deposit liability" for purposes of national depositor preference includes only deposits payable in the United States and excludes obligations payable solely at a foreign branch of a U.S. bank.
FDIC insurance is the means by which the Federal Deposit Insurance Corporation protects your accounts if your bank fails. The standard insurance amount is $250,000 per depositor, per account ownership type, per financial institution. Consumers don't have to do anything to take advantage of this coverage.
The Act's effect was to give depositors (and, by implication, the Federal Deposit Insurance Corporation [FDIC]) a superior, or preferred, claim on a failed bank's assets relative to that of other general creditors. By doing so, Congress hoped to reduce the FDIC's losses from bank failures.
The FDIC's Official Advertising Statement is either ?Member of the Federal Deposit Insurance Corporation,? ?Member of FDIC,? ?Member FDIC,? or a legible reproduction of the FDIC's official sign.
The FDIC is committed to transparency because it helps maintain trust in the safety and soundness of the banking system.
