A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Is bank of america fdic insured?

Best Answers

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government. If an FDIC-insured bank of savings association fails, the FDIC protects depositors against the loss of their insured deposits. FDIC insurance is backed by the full faith and credit of the United States government. read more

The FDIC's Center for Financial Research and the Journal of Financial Services Research invite submissions for the 18 th Annual Bank Research Conference to be held in Arlington, VA, on September 6 - 7, 2018. read more

In Bank of America's case, only 40% of its deposits are insured by the FDIC. That equates to $510 billion. The remaining $770 billion isn't insured, according to FDIC data. By comparison, more than half of an average bank's deposits are insured -- 51%, to be precise. read more

Encyclopedia Research

Related Facts