standard maximum deposit insurance amount
Defined in 2 places of the United States Code.
For purposes of this chapter, the term “standard maximum deposit insurance amount” means $100,000, adjusted as provided under subparagraph (F) after March 31, 2010.
Source
- 2006–201012 U.S.C. § 1821Banks and Banking · Insurance Funds · for purposes of this chapter
For purposes of this chapter, the term “standard maximum deposit insurance amount” means $250,000, adjusted as provided under subparagraph (F) after March 31, 2010. Notwithstanding any other provision of law, the increase in the standard maximum deposit insurance amount to $250,000 shall apply to depositors in any institution for which the Corporation was appointed as receiver or conservator on or after January 1, 2008, and before October 3, 2008. The Corporation shall take such actions as are necessary to carry out the requirements of this section with respect to such depositors, without regard to any time limitations under this chapter. In implementing this and the preceding 2 sentences, any payment on a deposit claim made by the Corporation as receiver or conservator to a depositor above the standard maximum deposit insurance amount in effect at the time of the appointment of the Corporation as receiver or conservator shall be deemed to be part of the net amount due to the depositor under subparagraph (B).
Source
- 2010–present12 U.S.C. § 1821Banks and Banking · Insurance Funds · for purposes of this chapter
For purposes of this section, the term “standard maximum deposit insurance amount” means the amount of the maximum amount of deposit insurance as determined under section 11(a)(1) of the Federal Deposit Insurance Act [12 U.S.C. 1821(a)(1)].
Source
- 2006–present12 U.S.C. § 3104Banks and Banking · Insurance of deposits · for purposes of this section