Organization Summary
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Organization credits
Sectors
Government
Locations served
United States
Office locations
United States
Headquarters
Washington, D.C
Organization type
End user of Drupal
People
7 (list)
Meet Federal Deposit Insurance Corporation (FDIC)
The mission of the Federal Deposit Insurance Corporation (FDIC) is to maintain stability and public confidence in the nation's financial system. In support of this goal, the FDIC:
- Insures deposits,
- Examines and supervises financial institutions for safety and soundness and consumer protection,
- Works to make large and complex financial institutions resolvable, and
- Manages receiverships.
An independent agency of the federal government, the FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s. Learn more about the history of the FDIC.
The FDIC receives no Congressional appropriations - it is funded by premiums that banks and savings associations pay for deposit insurance coverage. The FDIC insures trillions of dollars of deposits in U.S. banks and thrifts - deposits in virtually every bank and savings association in the country.