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Federal deposit insurance act
statute created in 1950 to govern the Federal Deposit Insurance Corporation
Pronunciation
/ˈfɛdərəl dəˈpɑzət ɪnˈʃʊrəns ækt/
/ˈfɛdərəl dɪˈpɒzɪt ɪnˈʃʊərəns akt/
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Act of Congress in the United States