Federal Deposit Insurance Corporation

Description and Definition of Federal Deposit Insurance Corporation (FDIC)

This federal agency inspires confidence in the banking system by insuring deposits. It insures deposits up to $100,000 in member banks. Depositors get their money back if the bank becomes insolvent.

Resources

See Also

Further Reading

• Federal Deposit Insurance Corporation (FDIC) in the West's Tax Law Dictionary
• Federal Deposit Insurance Corporation (FDIC) in “A Dictionary of Taxation”