Federal Deposit Insurance Corporation
E7511
The Federal Deposit Insurance Corporation (FDIC) is an independent U.S. government agency that insures bank deposits and promotes stability and public confidence in the nation’s financial system.
Aliases (5)
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
deposit insurance agency
→
independent agency of the United States government → |
| abbreviation |
Federal Deposit Insurance Corporation
→
surface form: "FDIC"
|
| boardIncludes |
Office of the Comptroller of the Currency
→
surface form: "Comptroller of the Currency"
Director of the Consumer Financial Protection Bureau → |
| boardMembersCount | 5 → |
| cooperatesWith |
Federal Reserve Board of Governors
→
surface form: "Board of Governors of the Federal Reserve System"
National Credit Union Administration → Office of the Comptroller of the Currency → |
| country |
United States of America
→
surface form: "United States"
|
| dateFounded | 1933-06-16 → |
| doesNotReceive | congressional appropriations for its insurance fund → |
| excludesCoverage | securities, mutual funds, and similar investments not considered deposits → |
| foundedAfterEvent | Great Depression → |
| foundedByStatute |
Glass–Steagall Act
→
surface form: "Banking Act of 1933"
|
| fundingSource |
earnings on investments in U.S. Treasury securities
→
premiums paid by insured banks and savings associations → |
| governedBy | Board of Directors of the FDIC → |
| hasChairmanTitle | Chairman of the FDIC → |
| hasPower |
act as receiver for failed insured banks
→
examine insured banks for safety and soundness → take enforcement actions against insured banks → |
| headquartersLocation | Washington, D.C. → |
| industry |
bank supervision
→
deposit insurance → financial regulation → |
| insuranceLimitBasis | per depositor, per insured bank, for each account ownership category → |
| insuranceLimitPerDepositorPerBank | 250000 USD → |
| insuranceType | deposit insurance for bank customers → |
| issues | regulations for insured depository institutions within its jurisdiction → |
| jurisdiction |
United States government
→
surface form: "United States federal government"
|
| legalForm | U.S. federal government corporation → |
| memberOf | Federal Financial Institutions Examination Council → |
| monitors | risks to the Deposit Insurance Fund → |
| motto | “FDIC: Insured deposits are safe.” → |
| operatesFund | Deposit Insurance Fund → |
| oversees | Deposit insurance coverage rules for insured institutions → |
| parentOrganization |
United States government
→
surface form: "United States federal government"
|
| providesService | deposit insurance → |
| publishes |
Quarterly Banking Profile
→
consumer education materials on deposit insurance → |
| purpose |
insure deposits in U.S. banks and savings associations
→
maintain public confidence in the banking system → promote stability in the U.S. financial system → resolve failed banks → |
| regulates | state-chartered banks that are not members of the Federal Reserve System → |
| scopeOfCoverage |
certain U.S. branches of foreign banks
→
commercial banks → savings institutions → |
| supervises | insured state-chartered banks that are not members of the Federal Reserve System → |
Referenced by (50)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form: "FDIC"
this entity surface form: "FDIC"
this entity surface form: "FDIC (as receiver, for resolution)"
subject surface form: "Community Reinvestment Act"
this entity surface form: "FDIC deposit insurance system"
Office of the Comptroller of the Currency
→
cooperatesWith
→
Federal Deposit Insurance Corporation
→
subject surface form: "Office of the Comptroller of the Currency"
Dodd–Frank Wall Street Reform and Consumer Protection Act
→
grantsAuthorityTo
→
Federal Deposit Insurance Corporation
→
Federal Deposit Insurance Corporation Improvement Act of 1991
→
grantsPowerTo
→
Federal Deposit Insurance Corporation
→
Federal Financial Institutions Examination Council
→
hasMember
→
Federal Deposit Insurance Corporation
→
this entity surface form: "FDIC"
this entity surface form: "FDIC in its corporate capacity"
this entity surface form: "FDIC"
United States federal securities markets
→
regulatingAuthority
→
Federal Deposit Insurance Corporation
→
subject surface form: "Discover Financial Services"
this entity surface form: "Federal Deposit Insurance Corporation (for thrift insurance functions)"
Federal Savings and Loan Insurance Corporation
→
replacedBy
→
Federal Deposit Insurance Corporation
→
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
→
strengthenedPowersOf
→
Federal Deposit Insurance Corporation
→
Federal Deposit Insurance Corporation Improvement Act of 1991
→
strengthensAuthorityOf
→
Federal Deposit Insurance Corporation
→
Federal Savings and Loan Insurance Corporation
→
successorLiabilityAssumedBy
→
Federal Deposit Insurance Corporation
→
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
→
transferredFunctionsTo
→
Federal Deposit Insurance Corporation
→