Federal Deposit Insurance Corporation

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Definition:
The Federal Deposit Insurance Corporation (FDIC) is an independant government agency created by the U.S. congress that insures deposits made in member banks up to $250,000. The FDIC also manages banks which became insolvent as a result of the 2008 - 2010 financial crisis.

Related Concepts:

Bank Run
CD
Deposit Insurance
Insolvency
Money Market
 

Available Positions Related to FDIC:

 

Relevant Functional Areas:
Legal
Retail Banking & Consumer Finance
 

Related Job Titles:
Branch Management
Personal Banker
 

Synonyms:
FDIC
 

 

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