the insured banks pay the cost of deposit insurance with digcc.
who pay the cost of deposit insurance with digcc?
the insured banks
the insured cash sweep or ics service is used by banks and savings associations that are insured by the federal deposit insurance corporation (fdic). financial institutions that are in the ics network can place the deposits received from their customers into interest-bearing savings accounts at other fdic-insured banks in the network. banks can also place their customer funds into demand deposit accounts using the ics demand option. because the funds are placed at multiple banks across the network in amounts that stay within the fdic deposit insurance limit at each bank ($250,000), the customer is eligible for total amounts of deposit insurance that are greater than the standard insurance limit for any one bank.
insured cash sweep
bullet::::- working group on deposit insurance (2001), "guidance for developing effective deposit insurance systems", financial stability forum, september 2001





























bullet::::- working group on deposit insurance (2001), "volume ii: guidance for developing effective deposit insurance systems", financial stability forum, september 2001





























bullet::::- mark d. flood (1992), "the great deposit insurance debate", federal reserve bank of st. louis, review, july/august 1992





























bullet::::- carter h. golembe and clark warburton (1958), insurance of bank obligations in six states during the period 1829-1866, federal deposit insurance corporation





























bullet::::- clark warburton (1959), deposit insurance in eight states during the period 1908-1930, federal deposit insurance corporation
deposit insurance