The Federal Deposit Insurance Corporation (FDIC) is the independent deposit insurance agency created by Congress in 1933 to maintain stability and public confidence in the nationís banking system.
In its unique role as deposit insurer of banks and savings associations, and in cooperation with the other state and federal regulatory agencies, the FDIC promotes the safety and soundness of insured depository institutions and the U.S. financial system by identifying, monitoring and addressing risks to the deposit insurance funds.
The FDIC promotes public understanding and sound public policies by providing financial and economic information and analyses. It minimizes disruptive effects from the failure of banks and savings associations. It assures fairness in the sale of financial products and the provision of financial services.
The FDICís long and continuing tradition of public service is supported and sustained by a highly skilled and diverse workforce that responds rapidly and successfully to changes in the financial environment.
The FDIC contributes to stability and public
confidence in the nationís financial system
by insuring deposits, examining and supervising
financial institutions, and managing
The FDIC is an organization dedicated
to identifying, analyzing and addressing
existing and emerging risks in order to promote
stability and public confidence in the nation's
The FDIC has identified seven core values that guide corporate operations. The values reflect the ideals that the FDIC expects all of its employees to strive for as they accomplish the tasks needed to fulfill the mission.
The FDIC is committed to being a responsible
fiduciary in its efforts to provide insured
institutions the best value for their contributions
to the insurance funds.
The FDICís reputation rests on its professionalism,
its adherence to the highest ethical
standards, and its skilled and dedicated
The FDIC strives to respond rapidly, innovatively
and effectively to risks to the financial system.
It works effectively with other federal and
state supervisors to achieve consistency in
policy and regulation. It seeks and considers
information from the Congress, the financial
institution industry, individuals seeking and
receiving financial services, and others outside
the FDIC in the development of policy. The
FDIC seeks to minimize regulatory burden
while fulfilling its statutory responsibilities.
The FDIC promotes and reinforces a corporate
perspective and challenges its employees
to work cooperatively across internal and
external organizational boundaries.
The FDIC strives to treat everyone fairly
and equitably. It exercises its responsibilities
with care and impartiality, promotes a work
environment that is free of discrimination
and values diversity, and adheres to equal
The FDICís long and continuing tradition
of public service is supported and sustained
by a highly skilled and diverse workforce that
responds rapidly and successfully to change.
The FDIC strives to perform its work with
the highest sense of integrity, requiring the
agency to be, among other things, honest
and fair. The FDIC can accommodate the
honest difference of opinion; it cannot
accommodate the compromise of principle.
Integrity is measured in terms of what is
right and just, standards to which the FDIC