Established by the Massachusetts legislature in 1934, the Depositors Insurance Fund (DIF) is a private, industry-sponsored insurance fund that insures all deposit accounts above Federal Deposit Insurance Corporation (FDIC) limits at its member banks. The unique combined insurance coverage afforded by the FDIC and the DIF ensures deposit balances are fully protected. Since the DIF was ...
The DIF is a member of the Federal Home Loan Bank of Boston (“FHLBB”). As a condition of membership, the DIF is required to maintain an investment in FHLBB stock based on the DIF’s total assets. Additional stock purchases are required based on growth of the DIF’s total assets and/or usage of FHLBB advances and related services.
DEPOSITORS INSURANCE FUND The Depositors Insurance Fund (DIF) is a private, industry-sponsored insurance fund that insures all deposits above Federal Deposit Insurance Corporation (FDIC) limits at our member banks. On , The Co-operative Central Bank merged into the DIF. As a result of this merger, all Massachusetts co-operative banks became members of the DIF and their deposits ...