A federal official appointed by the President and confirmed by the Senate, responsible for chartering, examining, supervising, and liquidating all national banks.
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 restructured the regulatory and deposit insurance systems concerning savings and loan associations and introduced reforms to prevent future financial crises.
