The Federal Deposit Insurance Corporation (FDIC) was established in 1933 during the Great Depression. By insuring bank deposits, the government tries to promote stability in the financial system ...

Bank deposit insurance is a foundational ... by number—were covered under this scheme in 2023-24. However, in value terms, only 43% of total deposits were insured. This discrepancy reveals ...

Because of the pivotal role of banks and their vulnerability to unusual risks, there seem to be good reasons to protect deposits through an appropriate insurance scheme and, in this way, to protect ...

We've provided information on what the FDIC is, how the FDIC insures bank deposits, what's covered under FDIC insurance. This may help you with understanding whether your money is safe ...