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Federal Deposit Insurance Corporation
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Federal Deposit Insurance Corporation

US government agency providing deposit insurance

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πŸ“– Key Information

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common.

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Annual percentage yield(1)Federal Reserve(1)Interest rate(1)Financial plan(1)Savings account(1)Federal Deposit Insurance Corporation

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