Federal Deposit Insurance Corporation
This is an old revision of this page, as edited by TK (talk | contribs) at 11:43, March 19, 2009. It may differ significantly from current revision.
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 $250,000 of deposits for an account holder. It was established during Franklin Delano Roosevelt's New Deal, through the Glass-Steagall Act of 1933.