Definition of Federal Deposit Insurance Corporation

Federal Deposit Insurance Corporation (FDIC): US government agency that guarantees to a limited extent deposits at member institutions and also provides financial assistance to help achieve mergers and prevent failures. [1]

A US government organisation that insures deposits of up to $100,000 if a member bank fails, and that can act to prevent banks from failing and finance takeovers of failed banks. [2]

FT Articles & Analysis

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