Public-domain · open source
OpenJurist

covered insured depository institution

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1831F — in this section

the term “covered insured depository institution” means an insured depository institution that—

(i) under subsection (c) or (d), accepts funds obtained, directly or indirectly, by or through a deposit broker; or

(ii) while acting as an agent institution under subsection (i), accepts reciprocal deposits while not well capitalized.