Details

Industries

Banking,Finance,Insurance

Founded date

Jan 1, 1933

Number Of Employee

10001 - max

Operating Status

Active

The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring depositors for at least $250,000 per insured bank; 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.


The FDIC Board of Directors is comprised of a chairman, vice chairman and FDIC director, as well as the Comptroller of the Currency and the head of the Consumer Financial Protection Bureau.


The FDIC publishes their budget, strategic plans, and financial reports on an annual or quarterly basis. The Annual Reports page contains the yearly accomplishments of the corporation, and has each report available from 1996 to the present.


FDIC runs and office of international affairs, considering technical assistance programs, foreign visitor and secondment programs, foreign examiner training programs, international leadership development programs, and FDIC subject matter experts participate as keynote speakers, panel members and facilitators for numerous international organizations' conferences, symposia and seminars.


The FDIC was established in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s.