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Federal Deposit Insurance Corporation

THE FEDERAL DEPOSIT Insurance Corporation (FDIC) is an independent agency of the federal government created in 1933 to provide insurance protection for depositors in the event of bank failure. Since 1933, the FDIC has responded to thousands of bank failures, and its insurance protection has been expanded to include accounts in savings and loan associations. [Source: Encyclopedia of White-Collar & Corporate Crime; Federal Deposit Insurance Corporation]

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