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DEPOSIT INSURANCE APPLICATIONS Procedures Manual FDIC Division of Risk Management Supervision June 2017 June 2017Deposit Insurance Applications Internal Procedures Manageable of Contestable OF CONTENTS
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Deposit insurance applications are forms that financial institutions use to apply for deposit insurance coverage on their customers' deposits.
All financial institutions that offer deposit accounts are required to file deposit insurance applications.
Deposit insurance applications can be filled out either online or using paper forms provided by the relevant regulatory agency. The forms typically require information about the institution's deposit accounts and other financial details.
The purpose of deposit insurance applications is to ensure that customers' deposits are protected in the event of a financial institution's insolvency.
Information that must be reported on deposit insurance applications includes details about the institution's deposit accounts, financial condition, and ownership.
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