Federal Deposit Insurance Corporation
AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Federal Deposit Insurance Corporation

Government Agency
Agency nameFederal Deposit Insurance Corporation
Native nameFDIC
Agency overview
FormedJune 16, 1933
Employees5,381 (2009, Q1)
JurisdictionFederal government of the United States
HeadquartersWashington, D.C.
Operational structure
Agency executivesSheila C. Bair, Chairman
Martin J. Gruenberg, Vice Chairman

     Home | Government Agency | Federal Deposit Insurance Corporation



The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC insures deposits at 7,895 institutions. The FDIC also examines and supervises certain financial institutions for safety and soundness, performs certain consumer-protection functions, and manages banks in receiverships (failed banks).

Insured institutions are required to place signs at their place of business stating that "deposits are backed by the full faith and credit of the United States Government." Since the start of FDIC insurance on January 1, 1934, no depositor has lost any insured funds as a result of a failure.

Latest News : Federal Deposit Insurance Corporation : Tweet this RSS

Want to Federal Deposit Insurance Corporation latest news on your twitter account???   sign in with twitter
Federal Deposit Insurance Corporation     sign in with twitter   ||  Government_Agency     sign in with twitter   ||  Government     sign in with twitter
US banks showing signs of recovery. - Aomid Tweet this news
Aomid--In reports issued by the -Federal Deposit Insurance Corporation- (-FDIC-) this week, the nation's banks were showing less troubled loans on their books the end ... - Date : Sat, 27 Nov 2010 12:48:34 GMT+00:00
Prudential Creates FDIC-Backed 401K - TheStreet.com Tweet this news
TheStreet.com--The products, called Prudential ProtectionSM Accounts, will be insured by the -FDIC- for up to $250000 per participant, according to the press release. ... - Date : Fri, 26 Nov 2010 16:37:45 GMT+00:00
First Michigan Bank Acquires Assets and Deposits of First Banking Center ... - MarketWatch (press release) Tweet this news
MarketWatch (press release)--Pursuant to the terms of the Purchase and Assumption Agreement entered into with the -FDIC-, First Michigan Bank will assume approximately $470 million in ... - Date : Sat, 20 Nov 2010 01:07:15 GMT+00:00
PCI, AIA Caution FDIC On Obstructing State Regulation - National Underwriter Property And Casualty Insurance News Tweet this news
National Underwriter Property And Casualty Insurance News--The -Federal Deposit Insurance Corporation- should defer to state regulators when involved in the resolution of a systemically risky ... - Date : Wed, 24 Nov 2010 17:04:25 GMT+00:00
FDIC Chair Sheila Bair Defends Financial Reform - Harvard Crimson Tweet this news
Harvard Crimson--Sheila C. Bair, chairman of the -Federal Deposit Insurance Corporation-, discusses how to end the idea of "too big to ... - Date : Thu, 21 Oct 2010 05:53:03 GMT+00:00
Simmons First Announces Third Quarter Earnings - MarketWatch (press release) Tweet this news
MarketWatch (press release)--All deposits were acquired with no deposit premium. Through the loss share provisions of the purchase and assumption agreement, the -FDIC- will reimburse the ... - Date : Thu, 21 Oct 2010 13:06:29 GMT+00:00
[UPDATE] Wakulla Bank Closes - WCTV Tweet this news
WCTV--Congress created the -Federal Deposit Insurance Corporation- in 1933 to restore public confidence in the nation's banking system. The -FDIC- insures deposits at ... - Date : Thu, 21 Oct 2010 16:58:59 GMT+00:00
BoA Files Suit Against FDIC on TBW Funding Scam; Sheriff Refuses to Enforce ... - MortgageNewsDaily.com Tweet this news
MortgageNewsDaily.com--"The -Federal Deposit Insurance Corporation- (-FDIC-) and the Federal Reserve System will host a two-day symposium on October 25 and 26 on mortgages and the ... - Date : Thu, 21 Oct 2010 15:07:11 GMT+00:00
US Bank Rules to Be Stricter Than Basel: FDIC's Bair - ABC News Tweet this news
ABC News---...- institutions," or large US banks, said Sheila Bair, head of the -Federal Deposit Insurance- Corp, speaking at Harvard University on Wednesday evening. ... - Date : Thu, 21 Oct 2010 00:07:29 GMT+00:00
Great Southern Bancorp, Inc. Reports Preliminary Quarterly Earnings of $0.38 ... - MarketWatch (press release) Tweet this news
MarketWatch (press release)--Also contributing to the decrease in total gross loans were significant decreases in the -FDIC--covered loan portfolios. The Bank's allowance for loan losses ... - Date : Thu, 21 Oct 2010 11:07:29 GMT+00:00



Privacy | Sitemap