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The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [ 8 ] : 15 The FDIC was created by the Banking Act of 1933 , enacted during the Great Depression to restore trust in the American banking system.
Jelena McWilliams (née Obrenić; born July 29, 1973) [1] is a Serbian-American business executive and a former chairman of the Federal Deposit Insurance Corporation.She was nominated to the position and to the FDIC Board of Directors by President Donald Trump, and the Senate confirmed her appointment on May 24, 2018. [2]
Here's how FDIC national deposit rates on a $10,000 minimum deposit compare between December 2024 and January 2025 on traditional low-interest deposit accounts. Savings and deposit account ...
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, up to $250,000 per depositor per bank. As of November 18, 2010, the FDIC insured deposits at 6,800 institutions. [13]
Key takeaways. FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money is safe for up to a limit of $250,000 per depositor, per ...
Sheila Colleen Bair [1] (born April 3, 1954) [2] is an American former government official who was the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, [3] during which time she shortly after taking charge of the FDIC in June 2006 began warning of the potential systemic risks posed by the growing trend of subprime-mortgage-backed bonds, and then later ...