What is a Federal Deposit Insurance Corporation? Established in 1933 during the Great Depression the (FDIC)

The Federal Deposit Insurance Corporation (FDIC) was established in response to the bank failures during the Great Depression.

The FDIC’s mission was to provide government-backed insurance for bank deposits, minimizing the risk for depositors

This reform was part of the New Deal, a series of federal programs initiated to promote economic recovery and reform financial

practices to prevent future collapses. The establishment of the FDIC played a crucial role in stabilizing the financial sector by ensuring the safety of deposits

The Federal Deposit Insurance Corporation (FDIC) maintains public confidence in the U.S. financial system by safeguarding depositors

Insurance Guarantees: Offering insurance coverage up to $250,000 per depositor, per FDIC-insured bank, per ownership category

Risk Monitoring: Continuously assessing and addressing risks within the banking industry to prevent bank failures.