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What was the federal deposit insurance corporation?

Updated: 4/28/2022

Wiki User

∙ 11y ago

Best Answer

The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.

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Continue Learning about Finance

When did the Federal Deposit Insurance Corporation Improvement Act pass?

The Federal Deposit Insurance Corporation Improvement Act passed in 1991

What is a government owned corporation?

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

What dos FDIC stand for?

Federal Deposit Insurance Corporation

Related questions

When was Federal Deposit Insurance Corporation created?

Federal Deposit Insurance Corporation was created in 1933.

When did the Federal Deposit Insurance Corporation Improvement Act pass?

The Federal Deposit Insurance Corporation Improvement Act passed in 1991

What is a government owned corporation?

Federal Deposit Insurance corporation

What is the abbreviation for the Bank Insurance Corporation?

The initials are FDIC for 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

What dos FDIC stand for?

Federal Deposit Insurance Corporation

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 federal corporation that insures money deposited in member banks called?

Federal Deposit Insurance Corporation, FDIC

The federal deposit insurance corporation insures bank deposits up to how per deposit?

100,000

What does FDIC stand for in US history?

Federal Deposit Insurance Corporation

When did the Federal Deposit Insurance Corporation start?

January 1st 1943

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