The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation's financial system. To accomplish this mission, the FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.Learn More
The Board of Directors of the FDIC manages operations to fulfill the agency’s mission. Each member of the five-person Board is appointed by the President and confirmed by the Senate.
At the FDIC, we work behind the scenes to ensure financial safety for depositors across America. The world of banking is changing, and so is the FDIC. We are addressing the new realities of 21st century banking, and we are spearheading new initiatives to support employees, from professional programs to workforce diversity initiatives.
The FDIC has several high-level programs that support our stakeholders, including bankers, consumers, and analysts.
History of the FDIC
Since its creation in 1933, the FDIC has been an essential part of the American financial system. In the 1920s and early 1930s, a rise in bank failures created a national crisis, wiping out many Americans’ savings. Since FDIC insurance began in 1934, no depositor has lost a single penny of insured funds due to bank failure.