FDIC - Federal Deposit Insurance Corporation

FDIC - Federal Deposit Insurance Corporation

The FDIC or Federal Deposit Insurance Corporation is a US gov corporation created by the Glass-Steagall Act of 1933.

It provides deposit insurance up to $250,000 per depositor per bank.


FDIC Insurance Limits:

- year 1935 - $5,000
- year 1950 - $10,000
- year 1966 - $15,000
- year 1969 - $20,000
- year 1974 - $40,000
- year 1980 - $100,000
- year 2008 - $250,000

The Federal Deposit Insurance Corporation (FDIC)

FDIC - conserve and encourages public trust in the U.S. fiscal organization by assuring deposits in banks and thrift foundations for at minimum $250,000; by discovering, supervising and dealing risks to the deposit insurance funds; and by limiting the effect on the economy and the fiscal system when a bank or thrift institution goes wrong.

Money market FDIC

The FDIC directly examines and supervises about 5,250 banks and savings banks, more than half of the institutions in the banking system.

The FDIC employs about 8,000 people. It is headquartered in Washington, D.C., but conducts much of its business in six regional offices and in field offices around the country.