Definitions for "Federal Deposit Insurance Corporation"
Keywords:  fdic, depositor, thrift, bif, saif
An independent federal agency that insures bank and savings and loan deposit accounts up to $100,000. The FDIC was created to protect the consumer against bank or savings and loan failure.
Established by Congress after the 1929 stock market crash to protect the savings of depositors at banks.
The US regulatory agency that administers bank deposit insurance.