Deposit Insurance Fund

GPTKB entity

Statements (29)
Predicate Object
gptkbp:instance_of gptkb:financial_institutions
gptkbp:aims_to maintain public confidence in the banking system
gptkbp:can_be_used_to pay off creditors of failed banks
gptkbp:coverage a certain amount per depositor
failed banks
gptkbp:covers checking accounts
savings accounts
certificates of deposit
gptkbp:created_by 1933
gptkbp:ensures quick access to funds for depositors
gptkbp:established_in gptkb:government
gptkbp:has_limitations $250,000 per depositor
https://www.w3.org/2000/01/rdf-schema#label Deposit Insurance Fund
gptkbp:is_a_key_component_of gptkb:financial_regulation
gptkbp:is_essential_for consumer protection
financial stability
gptkbp:is_funded_by insurance premiums from member banks
gptkbp:is_managed_by a government agency
gptkbp:is_often_discussed_in financial policy debates
gptkbp:is_part_of gptkb:Federal_Deposit_Insurance_Corporation_(FDIC)
the financial safety net
gptkbp:is_protected_by depositors
gptkbp:is_regulated_by federal laws
gptkbp:is_subject_to annual audits
gptkbp:is_supported_by taxpayer funds in some cases
gptkbp:known_as DIF
gptkbp:provides insurance for bank deposits
gptkbp:bfsParent gptkb:Federal_Deposit_Insurance_Corporation
gptkbp:bfsLayer 4