Fund Balance
Fund Balance
Definition: The equity or net worth of each of the primary insurance funds—bank insurance fund or savings association insurance fund—administered by the FDIC. The fund balance for each fund is annually reflected in financial statements prepared by the FDIC, which are audited and reported to the U.S. Congress by the General Accounting Office.
Definition: The equity or net worth of each of the primary insurance funds—bank insurance fund or savings association insurance fund—administered by the FDIC. The fund balance for each fund is annually reflected in financial statements prepared by the FDIC, which are audited and reported to the U.S. Congress by the General Accounting Office.