Federal Deposit Insurance Corporation (FDIC) - a quasi-independent public corporation, established in 1933, that insures depositors in commercial banks against losses up to $100,000 per separate account in the event of a bank failure. The member banks pay the premiums. In practice, during a wave of bank failures in the 1980s, the FDIC covered nearly all depositor loss, regardless of the size of the deposit. See also Federal Savings and Loan Insurance Corporation .

© 2004 Bella Vista Publishing Company, Inc.  ISBN 0-9718225-0-6

.
	Copyright Protection:   This real estate web site is created in the United States of America and protected by copyright laws.  Permission should be obtained prior to any reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording or likewise.
.