Entities

The Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation
FDIC
6/16/1933

The Federal Deposit Insurance Corporation is a federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. Established in 1993, FDIC aims to encourage stability and maintain public confidence in the financial system through the advancement of sound banking practices.

More About The Federal Deposit Insurance Corporation

Snarky FDIC Joke:  "The FDIC puts stickers on bank doors to bolster confidence in failing institutions"  (Doug Casey)


As of 2018, the FDIC insures deposits up to $250,000 per depositor as long as the institution is a member firm. It is critical for consumers to confirm if their institution is FDIC insured.