Inkoop Fil. 30

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the US government, founded in 1933 during the Great Depression. Its main goal is to restore public confidence in the banking system by providing deposit insurance, ensuring that customers' funds are protected even in the event of their bank's insolvency.

• Deposit Insurance: The FDIC provides insurance for deposits in US commercial banks and savings banks. It covers deposits up to $250,000 per depositor and per insured bank to provide security to depositors.
• Bank Supervision: The FDIC monitors and supervises financial institutions to ensure their safety and soundness. This includes regular examinations and audits to assess the financial health of banks.
• Consumer Protection: The FDIC works to protect consumers by ensuring that banks adhere to fair lending practices and providing resources to help depositors understand their rights.

The Mission of the FDIC is to promote stability and confidence in the US financial system. It strives to strengthen public confidence by providing reliable deposit insurance and by supervising financial institutions. Values such as integrity, fairness and transparency are central to the work of the FDIC.

The FDIC is involved in various initiatives to promote financial literacy and support consumers in using digital banking services. It adapts its policies to include digital banks and ensure that these institutions meet the same safety standards as traditional banks. In addition, the FDIC is working to improve the public's financial literacy to enable informed decisions about banking options.

The FDIC plays a crucial role in regulating and supervising financial institutions to ensure the stability of the financial system. Through its continuous efforts to balance risk and responsibility, the FDIC remains an important part of the US banking system.