The FDIC is responsible for the orderly resolution of failing banks. In the event of a bank
failure, the FDIC acts in two capacities. First, as the insurer of the bank's deposits,
the FDIC pays insurance to the depositors up to the insurance limit.
Second, as the "receiver" of the failed bank, the FDIC assumes the task of selling the
assets of the failed bank and settling its debts, including claims for deposits in excess
of the insured limit.