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Federal Deposit Insurance Corporation

 

Officers and directors

Wade Henderson
President, CEO
Steven O. App
Deputy to the Chairman and CFO
Russell G. Pittman
CIO, Chief Privacy Officer and Director Information Technology Division

Address

550 17th St. NW
Washington, DC 20429-9990
USA
+1-202-898-7021 (Phone)
202-942-3427 (Fax)

Website links

The FDIC is like money in the bank, only better. The Federal Insurance Corporation (FDIC) insures deposits and retirement accounts in member accounts for up to $250,000, protecting depositors in the event of bank failure. It also supervises financial institutions and manages failed banks. The FDIC is funded by member bank premiums for deposit insurance coverage and from earnings on investments in US Treasury securities. It insures more than $9 trillion of deposits, covering virtually every bank in the country. (It does not cover mutual funds, securities, or related investments.) An independent federal agency, the FDIC was created in 1933 in response to bank runs during the Great Depression.

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