FDIC Company Description
The FDIC is like money in the bank, only better. The Federal Insurance Corporation (FDIC) promises that depositors' money is safe in the event a bank fails. The FDIC, created in 1933 in response to the bank runs during the Great Depression, insures deposits and retirement accounts in member banks and thrifts for up to $250,000. It also supervises and conducts examinations of banks and thrifts. The agency has six regional offices across the country, in addition to its headquarters in Washington, DC. Funded by premiums paid by member banks and thrifts, the FDIC is managed by a five-person board of directors, all of whom are appointed by the US President and confirmed by the Senate.
View the Comprehensive Company Description for FDIC
The Company Description provides a historical perspective of FDIC's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of FDIC's evolution in the marketplace.
