What is the meaning of FDIC?

FDIC means Federal Deposit Insurance Corp. An agency of the U. S. Government that manages the bank insurance funds, which insure deposits at banks and other qualifying financial institutions up to $100, 000 per account in interest and principal.' FDIC' insurance is mandatory for all nationally chartered banks and all banks that are members of the Federal Reserve System.

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APABarry Goldsmith. (2010). fdic. Retrieved September 22, 2026, from http://smartdefine.org/fdic/definitions/1153676
ChicagoBarry Goldsmith. 2010. "fdic" http://smartdefine.org/fdic/definitions/1153676 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, fdic, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/fdic/definitions/1153676>.
MLABarry Goldsmith. "fdic" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/fdic/definitions/1153676>
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