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Federal Deposit Insurance Corporation (FDIC)

Federal Deposit Insurance Corporation (FDIC) Definition

A federal government agency established in 1933, that insures deposit accounts in member banks up to $100,000.  The FDIC is a government corporation that insures accounts in national banks and other qualified institutions. This organization provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to a specified amount per depositor per bank. 


Additional meaning of Federal Deposit Insurance Corporation (FDIC):

The FDIC also performs other functions, such as making loans to or buying assets from member institutions to facilitate mergers or prevent failures.


RELATED TERMS
Bank
FDIC Insured Account
RELATED CATEGORIES
Banking
Insurance







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