Federal Deposit Insurance Corporation - FDIC

What Does Federal Deposit Insurance Corporation - FDIC Mean?
The U.S. corporation insuring deposits in the U.S. against bank failure. The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.

Investopedia explains Federal Deposit Insurance Corporation - FDIC
The FDIC will insure deposits of up to US$250,000 per institution as long as the bank is a member firm.

Before opening an account with a financial institution, be sure to check that it is FDIC insured.

Related Terms

Adversely Classified Asset
Call Report
Canadian Deposit Insurance Corporation - CDIC
Emergency Banking Act Of 1933
FDIC Problem Bank List
Federal Credit Union - FCU
Insured Financial Institution
Loan Commitment
NCUA-Insured Institution
Savings And Loan Crisis - S&L
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Related Links

Are Your Bank Deposits Insured? - Learn how the FDIC is helping to keep your money in your pockets.
Who Backs Up The FDIC? - The FDIC insures depositors against loss, but what happens if it runs out of money?
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The History Of The FDIC - Find out why this corporation was developed and how it protects depositors from bank failure.
Bank Failure: Will Your Assets Be Protected? - The SIPC and FDIC insure against personal financial ruin when banks or brokerages go belly up.
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Are My Investments Insured Against Loss? - Money invested in a brokerage account has some protection, but that doesn't mean you can't lose it.
What Was The Glass-Steagall Act? - Established in 1933 and repealed in 1999, the Glass-Steagall Act had good intentions but mixed results.
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Why Money Market Funds Break The Buck - These funds are noted for their safety in a rough market. Read on to find out why.
Is there a form of insurance for my investments?
Are all bank accounts insured by the FDIC?
FDIC.gov - The official site of the Federal Deposit Insurance Corporation.

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