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Federal Deposit Insurance Corporation (view source)
Revision as of 03:03, January 17, 2009
, 03:03, January 17, 2009Historical addition
The '''Federal Deposit Insurance Corporation''' (FDIC) is an agency which insures deposits in bank institutions in the event of [[money|financial]] failure. Current policies insure the first $100,000 of deposits for an account holder.
The '''Federal Deposit Insurance Corporation''' (FDIC) is an agency which insures deposits in bank institutions in the event of [[money|financial]] failure. Current policies insure the first $100,000 of deposits for an account holder. It was established during Franklin [[Delano Roosevelt]]'s [[New Deal]], through the Glass-Steagall Act of 1933.
[[category:United States Government]]
[[category:United States Government]]