The Federal Deposit Insurance Corporation (FDIC) is a government agency based in Arlington, VA that provides deposit insurance to depositors in US banks and thrifts. It aims to maintain stability and public confidence in the nation's financial system by insuring deposits and overseeing the resolution of failed financial institutions.
Established in 1933, the FDIC plays a crucial role in safeguarding the deposits of individuals and businesses up to certain limits, ensuring the protection of funds in the event of bank failures. Through its regulatory and supervisory functions, the FDIC works to promote the safety and soundness of the banking industry.
Generated from their business information