Net . Bank was created in October 1996 with the idea of starting the nation's first federally insured bank to operate solely on the Internet.
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That led the government to rush to put out another fire by committing 10 trillion yen to insure bank deposits and help weak banks merge.
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Most consumers and bankers know that the Federal Deposit Insurance Corp . covers accounts of up to $ 100, 000 at federally insured banks and thrifts.
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Secondly, federally insured banks would be permitted to offer a wide range of financial services they now can provide only through a complex holding company structure.
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Another roadblock : a host of Depression-era banking laws and regulations designed to protect people and their federally insured bank deposits from riskier Wall Street investments.
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The Federal Deposit Insurance Corp . this week said only 200 of the nation's 10, 379 federally insured banks and thrifts were behind in Y2K preparation.
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Sources have told The Republic that federal investigators are trying to determine whether Symington deliberately misrepresented his financial position to obtain loans from federally insured banks.
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All FDIC insured banks, like the banks that receive deposits through CDARS pay premiums into the FDIC insurance fund based on their deposits and risk levels.
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The DICGC makes the payment of the eligible amount to the liquidator / chief executive officer of the transferee / insured bank, for disbursement to the depositors.
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Conservative and consistent growth _ especially the latter requirement _ will come only if you have investments such as government bonds and CDs and FDIC-insured bank accounts.
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