Optimum News 12 Newsday.com MSG Varsity Explore LI AM New York Optimum Autos Optimum Homes

Federal Deposit Insurance Corporation

Federal Deposit Insurance Corporation

WASHINGTON, DC - APRIL 03: (L-R) Federal Reserve Board Chairman Ben Bernanke, U.S. Secretary of the Treasury Timothy Geithner, acting chairman of Federal Deposit Insurance Corporation Martin Gruenberg, chairwoman of the Securities and Exchange Commission Mary Schapiro listen during an open session of a Financial Stability Oversight Council (FSOC) meeting April 3, 2012 at the Treasury Department in Washington, DC. The FSOC held a meeting to vote on a final rule and interpretive guidance on the council's authority to require supervision and regulation of certain nonbank financial companies; a final rule regarding the Freedom of Information Act.

1 of 2

Around the web

More from around the web »

About Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC insures deposits at 8,246 institutions with $13.5 trillion in assets.

from Wikipedia