Monday, April 6, 2009

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