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the FDIC is a government agency that insures customer deposits if a bank fails, it was a last resort to restore trust in the nation's financial system.

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14y ago

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

bank deposit


What is the abbreviation for the Bank Insurance Corporation?

The initials are FDIC for federal deposit insurance corporation.


What dos FDIC stand for?

Federal Deposit Insurance Corporation


What does FDIC stand for in US history?

Federal Deposit Insurance Corporation


What federal corporation that insures money deposited in member banks called?

Federal Deposit Insurance Corporation, FDIC


What exactly is a fdic insurance?

FDIC stands for Federal Deposit Insurance Corporation. Fdic insurance allows you to be covered and not lose any money when having a deposit account if your financial institution fails.


What do the letters FDIC stand for in relation to a bank?

Federal Deposit Insurance Corporation


What are the FDIC insurance limits for savings accounts?

The FDIC or Federal Deposit Insurance Company is a Federal Government Corporation in the United States that now provide deposit insurance and safety for a depositor's account up to $250,000.


Is a cashiers check insured by the fdic?

It depends on if the bank is a member of the Federal Deposit Insurance Corporation or not. If you get a cashiers check from a bank that is insured by the Federal Deposit Insurance Corporation, then that check is insured.


What is an example of government corporation?

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


New deal program that guarantees bank deposits was?

FDIC - Federal Deposit Insurance Corporation


What was enacted to protect people's savings?

The Federal Deposit Insurance Corporation(FDIC) in the 1930's