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Federal Deposit Insurance Corporation

THE FEDERAL DEPOSIT Insurance Corporation (FDIC) is an independent agency of the federal government created in 1933 to provide insurance protection for depositors in the event of bank failure. Since 1933, the FDIC has responded to thousands of bank failures, and its insurance protection has been expanded to include accounts in savings and loan associations. All insured depositors of failed banks and thrifts have been protected up to $100,000 by the FDIC. The FDIC is also the federal bank regulator responsible for supervising certain savings banks and state-chartered banks that are not members of the Federal Reserve System.

As a regulator, the FDIC strives to prevent bank failures by monitoring the industry's performance and enforcing regulations intended to make sure financial institutions operate in a safe ...

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