FDIC

      FDIC is the acronym for Federal Deposit Insurance Corporation. 

      Founded on June 16, 1933, the Federal Deposit Insurance Corporation is an independent government entity that was established to maintain stability and public confidence in the nation’s financial system. As a means to accomplish their mission, the FDIC insures deposits; examines and supervises the safety & soundness of financial institutions for the protection of  consumers; it helps to make large and complex financial institutions resolvable; and the FDIC manages receiverships.