Federal Deposit Insurance Corporation - FDIC

The Federal Deposit Insurance Corporation, or FDIC as it is commonly known, is most well known for insurance that it provides for deposit accounts at member banks. Almost every bank in the United States is FDIC insured.

The FDIC logo can be found on the windows of almost very bank branch in the United States. Accounts that are insured with the FDIC are generally insured for up to $250,000, backed by the US government. The FDIC also oversees many aspects of banks related to the soundness of the bank and helps with some consumer-protection functions. The FDIC is fully funded by insurance premiums paid by member banks, and receives no funding from congress.