FDIC: Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. Learn about the FDIC’s mission, leadership, history, career opportunities, and more.
Federal Deposit Insurance Corporation - Wikipedia
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [8]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the
Understanding Deposit Insurance | FDIC.gov
Apr 1, 2024 · FDIC deposit insurance protects your money in deposit accounts at FDIC-insured banks in the event of a bank failure. Since the FDIC was founded in 1933, no depositor has lost a penny of FDIC-insured funds.
Are My Deposit Accounts Insured by the FDIC?
FDIC insurance covers traditional deposit accounts, and depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution.
What Is The FDIC? 4 Key Facts You Need to Know - Forbes
Apr 29, 2024 · The FDIC (Federal Deposit Insurance Corporation) is an independent government agency that oversees the banking industry. The FDIC’s primary duty is to insure deposits at U.S. member banks...
Federal Deposit Insurance Corporation (FDIC) - USAGov
The Federal Deposit Insurance Corporation (FDIC) answers questions about federal deposit insurance coverage, and handles complaints and inquiries about FDIC-insured state banks which are not members of the Federal Reserve System.
What is the FDIC and how does it work? - NPR
Mar 13, 2023 · The FDIC "directly supervises and examines more than 5,000 banks and savings associations" to ensure they're safe and financially sound.
Federal Deposit Insurance Corp. (FDIC): Definition & Limits
Mar 14, 2023 · The Federal Deposit Insurance Corp. (FDIC) is an independent federal agency that provides insurance to U.S. banks and thrifts.
What Is FDIC Insurance and How Does It Work? - CNET
Nov 22, 2024 · FDIC insurance is a type of deposit insurance that can protect you if your federally insured bank fails. If you bank with a federally insured credit union, your deposits are covered by the NCUA.
Federal Deposit Insurance Corporation (FDIC) - Britannica Money
Dec 18, 2024 · The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency created under the Banking Act of 1933 (also known as the Glass-Steagall Act) whose primary role is to insure and protect bank depositors’ funds against loss in the event of a bank failure.