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.

All labels observed (8)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf deposit insurance agency
independent agency of the United States government
abbreviation Federal Deposit Insurance Corporation self-linksurface differs
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

How these facts were elicited

Referenced by (109)

Full triples — surface form annotated when it differs from this entity's canonical label.

Asset Guarantee Program administeredBy Federal Deposit Insurance Corporation
Public-Private Investment Program administeredWithParticipationOf Federal Deposit Insurance Corporation
RF regulator Federal Deposit Insurance Corporation
subject surface form: Regions Financial Corporation
FDICIA affects Federal Deposit Insurance Corporation
Riegle-Neal Act regulator Federal Deposit Insurance Corporation
subject surface form: Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
BB&T regulator Federal Deposit Insurance Corporation
BB&T memberOf Federal Deposit Insurance Corporation
this entity surface form: FDIC
OTS successorAgency Federal Deposit Insurance Corporation
subject surface form: Office of Thrift Supervision
New Deal financial regulatory framework hasPart Federal Deposit Insurance Corporation