BIF. A unit of the Federal Deposit Insurance Corporation (FDIC) which provides deposit insurance to non-thrift banks. The focus of the BIF is to separate the administration of banks and thrift insurance companies, though it also increased the deposit insurance of commercial and savings banks to $100,000. Both the Bank Insurance Fund and the Savings Association Insurance Fund were formed in 1989 in response to the savings and loan bailout. The two funds were merged into the Deposit Insurance Fund in 2005.
Related information about Bank Insurance Fund:
- Federal Deposit Insurance Corporation - Wikipedia, the free ...
Between 1989 and 2006, there were two separate FDIC funds — the Bank Insurance Fund (BIF), and the Savings Association Insurance Fund (SAIF). The latter ...
- Bank Insurance Fund - Financial Dictionary - The Free Dictionary
A unit of the Federal Deposit Insurance Corporation (FDIC) that provides deposit insurance for banks excluding thrifts. Bank Insurance Fund. Also called the BIF.
- FDIC: FIL-36-2006: Merger of Bank Insurance Fund and Savings ...
Apr 27, 2006 ... Summary: The Federal Deposit Insurance Corporation (FDIC) merged the Bank Insurance Fund (BIF) and the Savings Association Insurance ...
- FDIC: The Deposit Insurance Fund
The Reform Act merged the Bank Insurance Fund (BIF) and the Saving Association Insurance Fund (SAIF) into a new fund called the Deposit Insurance Fund ...
- Bank Insurance Fund - BIF Definition | Investopedia
A unit of the FDIC that provides insurance protections for banks that are not classified as a savings and loan association. As with all FDIC protection, the BIF ...
- Bank Insurance Fund (BIF) Definition | Business Dictionaries from ...
Bank Insurance Fund (BIF). Federal Deposit Insurance Corporation (FDIC) unit providing deposit insurance for banks other than thrifts. BIF was formed as part of ...
- What is Bank Insurance Fund? definition and meaning
Both the Bank Insurance Fund and the Savings Association Insurance Fund were formed in 1989 in response to the savings and loan bailout. The two funds ...
- What is Bank Insurance Fund (BIF)? definition and meaning
Definition of Bank Insurance Fund (BIF): The fund that insures monies on deposit at a commercial bank. The Bank Insurance Fund is administered by the Federal ...