Investor Glossary-fdicInvestor Glossary-fdicInvestor Glossary-fdicInvestor Glossary-fdicInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

FDIC

The HTML to link to this page
 

The FDIC, or Federal Deposit Insurance Corporation, is an independent agency of the US federal government created to preserve and promote public confidence in the US banking system. The FDIC was created by Congress in 1933 as part of the Glass-Steagall Act. The primary activity of the FDIC is to ensure deposits against loss due to bank insolvency. The FDIC insures certain types of account including checking accounts, savings accounts, and certificates of deposit, up to a total of $100,000 per depositor, and accounts held jointly as well as retirement accounts, can also separately be insured up to $100,000 by the FDIC. Because the sister institution created along with the FDIC, the FSLIC (Federal Savings and Loan Insurance Corporation), failed when a large number of Savings and Loans failed in the late 1980s and early 1990s, the FDIC now insures S&Ls, too. Critics of the FDIC suggest that today the FDIC could similarly fail if confronted with the insolvency of one "too big to fail" bank, which might result in a government bailout akin to the S&L bailout.



Rate this FDIC definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: in escrow, irrevocable trust, FICO score, labor relations, required rate of return, current ratio, debt service coverage, margin rate, risk management, retained earnings, covered put, 1035 exchange, average price per share, phantom income, 144a, Key Rate Duration, implied volatility, quality assurance, cancelled check, reverse mortgage, stock market close, limit order, inflation, liquidity ratio, diluted share, command economy, option premium, EBITDA, ex-dividend, minority interest, FTSE, annual return, 401a, LIBOR, balance sheet, wholly-owned subsidiary, per diem, ex-dividend date, Zero Cost Collar, deferred revenue, stock split, 1031 exchange, VIX, real GDP, deferred tax, class C shares, open position, dividends payable, APR


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use