Federal Deposit Insurance Corporation, theFederal Deposit Insurance Corporation, the (abbreviation FDIC) 
an independent organization of the US government which regulates about 5300 banks in the US. Its aim to make sure that the public have confidence in the banking system. It does this by providing insurance for people who put money in a bank. If the bank fails, account holders will be given up to $100,000.
an independent organization of the US government which regulates about 5300 banks in the US. Its aim to make sure that the public have confidence in the banking system. It does this by providing insurance for people who put money in a bank. If the bank fails, account holders will be given up to $100,000.