Federal Deposit Insurance Corporation (FDIC)

The Federal Deposit Insurance Corporation (FDIC) is a Federal bank regulatory agency in the US, one of several, operating alongside the Office of the Comptroller of the Currency and the Federal Reserve. The role of the FDIC is to maintain stability and public confidence in the US financial system. It insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.