The Big Idea Behind the FDIC

The Federal Deposit Insurance Corporation, most often referred to as the FDIC, is a United States government corporation that was established as a result of the Glass-Steagall Act (1933). The Glass-Steagall Act ensured higher protection of assets in banks, as it acted to regulate interbank control in order to prevent speculative banking.

The FDIC provides an informative and highly detailed website, giving readers a wide breadth of information, from financial analysis on FDIC-insured banks to “featured programs” that highlight current concerns. The following is a supplemental guide to the FDIC’s website. You will find links that cover deposit insurance, consumer protection, industry analysis, regulations and asset sales. Each of these sections provides contact information, PDFs of relevant forms and Youtube videos that explain a host of subjects relevant to FDIC’s work. The FDIC’s website also provides an institution directory that allows users to find the demographic and financial information of any bank insured by the FDIC, as well as listings of local branches of FDIC-insured banks.

Sections of FDIC’s Webpage

Finally, the  FDIC website provides readers with current news and events, press releases by the FDIC, financial institutional letters that express changes in policies and/or procedures for banks and a review of upcoming conferences. Readers who want to further contextualize the work of the FDIC can research its website to find links to past seminars, alerts illuminating questionable activities by banks, an opinion editorial, press contact information and an online multi-media press room.