Federal Deposit Insurance Corporation (FDIC) | Practical Law

Federal Deposit Insurance Corporation (FDIC) | Practical Law

Federal Deposit Insurance Corporation (FDIC)

Federal Deposit Insurance Corporation (FDIC)

Practical Law Glossary Item 6-383-9149 (Approx. 2 pages)

Glossary

Federal Deposit Insurance Corporation (FDIC)

An independent federal agency created by US Congress to maintain stability and public confidence in the nation's financial system by:
  • Insuring deposits at federal and state banks, thrifts other depository institutions.
  • Examining and supervising insured depository institutions for safety and soundness and consumer protection issues.
  • Managing receivership of failed or failing depository institutions (and with the passing of the Dodd-Frank Act, systemically significant financial institutions).