FEDERAL DEPOSIT INSURANCE CORPORATION

By SovConn | October 25, 2015

Federal Deposit Insurance Corporation.A federal corporation that protects bank and thrift

deposits by insuring accounts up to $100,000, examining banks that are not members of the

Federal Reserve System, and liquidating failed institutions. • It was established in 1933 and began

insuring banks in 1934. — Abbr. FDIC. [Cases: Banks and Banking 501–508. C.J.S. Banks and

Banking §§ 671–679, 682–696, 698–717.][Blacks Law 8th]

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