Difference between revisions of "Federal Deposit Insurance Corporation"
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| − | 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 [[ | + | 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]] | ||
| + | [[category:New Deal]] | ||
| + | [[category:Finance]] | ||
Revision as of 03:15, January 17, 2009
The Federal Deposit Insurance Corporation (FDIC) is an agency which insures deposits in bank institutions in the event of 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.