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Federal Deposit Insurance Corporation
(redirected from FDIC insurance)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.03 sec.

Federal Deposit Insurance Corporation

US government authority established in 1933 to regulate US banks and insure them against loss.

The body was set up following the collapse of the banking sector early in 1933. All members of the Federal Reserve System are required to belong to the FDIC, and many other US banks that are prepared to conform to certain regulations are also members.



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If it's covered by FDIC insurance, you think, "What could go wrong?
NASD Cracking Down on CD Scams Targeting Elderly by QUINN, JANE BRYANT / Los Angeles Business Journal
All of the banks we list offer FDIC insurance, so investors can feel confident about placing their money with a distant bank.
Locking in yields by Korn, Donald Jay / Black Enterprise
Fidelity's FDIC insurance premium - money banks and thrifts pay to insure customer deposits - will rise from 0.
CREDIT CARD WOES HURT BANK PLUS by Daily News (Los Angeles, CA)
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