Federal Deposit Insurance Corporation (FDIC)
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by:
- insuring deposits,
- examining and supervising financial institutions for safety and soundness and consumer protection, and
- managing receiverships.
See: http://www.fdic.gov/
Definition from Nolo’s Plain-English Law Dictionary
A federal agency that promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the economy when a bank fails.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm
