FDIC: Law, Regulations, Related Acts (2024)

FAQs

What is regulated by the FDIC? ›

The FDIC is the primary federal regulator of banks that are chartered by the states that do not join the Federal Reserve System.

The FDIC insures deposits at member banks in the event that a bank fails—that is, the bank's regulating authority decides that it no longer meets the requirements for remaining in business.

The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.

1000 - Federal Deposit Insurance Act. (A) IN GENERAL. --The Corporation shall insure the deposits of all insured depository institutions as provided in this Act.

The FDIC guarantees a standard insurance amount of $250,000 per depositor, per insured bank. Funding for the FDIC comes from premiums paid by member institutions. Federal agency regulations that concern banks and banking are codified in Title 12 of the Code of Federal Regulations.

Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposit insurance is calculated dollar-for-dollar, principal plus any interest accrued or due to the depositor, through the date of default.

Common bank regulations include reserve requirements, which dictate how much money banks must keep on hand; capital requirements, which dictate how much money banks can lend; and liquidity requirements, which dictate how easily banks can convert their assets into cash.

The Federal Deposit Insurance Corporation.

The FDIC is empowered to examine all banks with FDIC insurance; however, to prevent regulatory duplication, the FDIC only directly supervises and examines state-chartered banks that are not members of the Federal Reserve System.

The FDIC—short for the Federal Deposit Insurance Corporation—is an independent agency of the United States government. The FDIC protects depositors of insured banks located in the United States against the loss of their deposits, if an insured bank fails.

What is not protected by FDIC? ›

The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments are purchased at an insured bank.

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation's financial system.

The FDIC—short for the Federal Deposit Insurance Corporation—is an independent agency of the United States government. The FDIC protects depositors of insured banks located in the United States against the loss of their deposits, if an insured bank fails.

If you have accounts at different FDIC-insured banks, the limit applies at each bank: $250,000 per depositor for each account ownership category. You can calculate your specific insurance coverage amount using the Electronic Deposit Insurance Estimator (EDIE), a calculator that is available on the FDIC's website.

There are numerous agencies assigned to regulate and oversee financial institutions and financial markets in the United States, including the Federal Reserve Board (FRB), the Federal Deposit Insurance Corp. (FDIC), and the Securities and Exchange Commission (SEC).

Crimes include bank fraud, money laundering, embezzlement, cybercrime, and currency manipulation. The FDIC OIG has broad jurisdiction to investigate crimes involving FDIC-regulated and insured banks and FDIC activities.