# Federal Deposit Insurance Corporation, FDIC

- Canonical URL: https://www.gerhardmerk.de/federal-deposit-insurance-corporation-fdic
- Post ID: 587649
- Modified: 2023-07-25T21:00:33+00:00
- Language: en

## Definition

In the USA, supervisory authority for those regional banks that are not members of the Federal Reserve System. - Founded in 1934, the FDIC ensures uniformity of the rules binding banks in all North American states. The semi-public FDIC is also a deposit insurance fund and protects deposits at U.S. commercial and regional banks and savings and loan associations up to a certain maximum amount in the event of insolvency. The agency is financed by fees paid by member banks. Taxpayers' money was not used until the subprime crisis. - Under its statutes, the FDIC also administers insolvent banks (receivership). - See Securities Investor Protection Corporation. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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