FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has lost one penny of FDIC-insured accounts.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
The FDIC manages the Deposit Insurance Fund to insure the deposits, protect the depositors of insured banks, and to resolve failed banks. The FDIC also fosters communication and coordination among other countries’ deposit insurance systems.Learn More About Deposit Insurance
Supervision & Examinations
Supervision and consumer protection are cornerstones of the FDIC’s efforts to ensure the stability of, and public confidence in, the nation's financial system. The FDIC's supervision program promotes the safety and soundness of FDIC-supervised financial institutions, protects consumers' rights, and promotes community investment initiatives.Learn More About Supervision & Examinations
Laws & Regulations
Laws and regulations govern FDIC-insured banks and the U.S. banking industry broadly, ensuring safe and sound business practices within the financial sector. These include the FDIC Act, FDIC Advisory Opinions, FDIC Statements of Policy, and a selection of banking-related guidance issued jointly with other agencies.Learn More About Laws & Regulations
When a bank closes, its chartering authority—the state for state-chartered institutions and the OCC for national banks and federal savings associations—typically appoints the FDIC as receiver, responsible for resolving the failed institution. The FDIC employs a resolution process for failing banks, and a receivership process for failed banks.Learn More About Resolutions