WASHINGTON — The Federal Deposit Insurance Corp. board on Tuesday issued a proposed rule regarding custodial deposit accounts and finalized its policy on bank merger transactions. The FDIC's proposal ...

The Federal Deposit Insurance Corporation (FDIC) ensures the safety of cash deposited in insured banks, providing a protection of up to $250,000 per account in the case of a bank failure.

The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters, in Washington, February 23, 2011. REUTERS/Jason Reed/File Photo Purchase Licensing Rights, opens new tab.