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Federal Deposit Insurance Corporation
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    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 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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nbsp;Corporation announced on February 25, 2005, the execution of a joint written agreement by and among the Federal Reserve Bank of New York and the Federal Deposit Insurance Corporation with David Bodner and Murray Huberfeld.
Federal Reserve Board and FDIC issue written agreement associated ... by Federal Reserve Bulletin
In a recent issue of this Journal, Professor Cebula [2] empirically investigates the impact of federal deposit insurance on Savings and Loan (S&L) failures.
The impact of federal deposit insurance on savings and loan failures: ... by Saltz, Ira S. / Southern Economic Journal
The damage might have been contained but for another unwise move during the Carter Administration's last year: the increase in the federal deposit insurance limit from $40,000 to $100,000.
The bailout by National Review
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