The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. Learn about the FDIC’s mission, leadership, history, career opportunities, and more.

The FDIC provides deposit insurance to protect your money in the event of a bank failure. Your deposits are automatically insured to at least $250,000 at each FDIC-insured bank.

FDIC deposit insurance protects your money in deposit accounts at FDIC-insured banks in the event of a bank failure. Since the FDIC was founded in 1933, no depositor has lost a penny of FDIC-insured funds.

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [8]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system.More than one-third of banks failed in the years …

2 days ago · The FDIC declined to comment or confirm the number of probationary employees fired. ‘Terrible Situation’ Alexander Mejia is one FDIC probationary employee who was caught up in the terminations. Mejia joined the FDIC in November, moving from the Austin, Texas, area to Los Angeles, where he worked out of the agency’s Pasadena, Calif., office.

Mar 14, 2023 · The Federal Deposit Insurance Corp. (FDIC) is an independent federal agency that provides insurance to U.S. banks and thrifts.

Nov 22, 2024 · FDIC insurance is a type of deposit insurance that can protect you if your federally insured bank fails. If you bank with a federally insured credit union, your deposits are covered by the NCUA.

2 days ago · The FDIC’s inspector-general warned in a 2024 report that 36 per cent of the agency’s work force would be eligible for retirement in 2027, higher than average rates across the government.

Feb 27, 2024 · FDIC insurance exists to protect your deposited money if your bank collapses. Learn how it works and find out the coverage limits for your bank accounts.

Jul 23, 2024 · Learn what the FDIC is, how it protects your bank deposits, and why it's important for U.S. banks. We also cover what you need to know about the FDIC.