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Congress created the federal deposit insurance corporation in order to do what?

Anonymous

∙ 16y ago

Updated: 9/15/2023

protect peoples savings accounts

Wiki User

∙ 16y ago

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When was Federal Deposit Insurance Corporation created?

Federal Deposit Insurance Corporation was created in 1933.

Why was the Federal Deposit Insurance Corporation created?

It provides deposit insurance which guarantees the safety of checking and savings deposits in member banks, currently up to $100,000 per depositor per bank.

Which act established the federal deposit insurance corporation?

Glass-Steagall Banking Act

What is an example of a government corporation?

Am example of a government corporation is: amtrak Post Office Federal Deposit Insurance Corporation (FDIC)

This New Deal organization insured individual bank deposits?

FDIC - Federal Deposit Insurance Corporation

Related Questions

When was Canada Deposit Insurance Corporation created?

Canada Deposit Insurance Corporation was created in 1967.

When was Federal Deposit Insurance Corporation created?

Federal Deposit Insurance Corporation was created in 1933.

When was Nigeria Deposit Insurance Corporation created?

Nigeria Deposit Insurance Corporation was created in 1988.

Congress created the Federal Deposit Insurance Corporation in order to?

NovaNET Answer: protect people's savings accounts.

What did congress establish to insure bank deposits?

The Federal Deposit Insurance Corporation (FDIC).

Why does the FDIC use a gov extension in its website address?

The FIDC (Federal Deposit Insurance Corporation) uses a gov extension in its website address because it is an agency that was created by the US Congress.

When did the Federal Deposit Insurance Corporation Improvement Act pass?

The Federal Deposit Insurance Corporation Improvement Act passed in 1991

What is the abbreviation for the Bank Insurance Corporation?

The initials are FDIC for federal deposit insurance corporation.

What is a government owned corporation?

Federal Deposit Insurance corporation

Which of these was created from the Glass-Steagall Act of 1933 after the Great Depression?

Federal Deposit Insurance Corporation

How much money can you deposit in the federal deposit insurance corporation?

None

What did the Federal Deposit Insurance Corporation (FDIC) insure?

bank deposit

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