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What does the government agency, FDIC, do? Monitors illegal stock exchanges made with investors' money Monitors banks use of depositors' money for bad loans Regulates the Federal Reserve's ability to create
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What does the government agency, FDIC, do? Monitors illegal stock exchanges made with investors' money Monitors banks use of depositors' money for bad loans Regulates the Federal Reserve's ability to create money Insures depositors' money in banks upwards of $250,000 per institution

User Peter Wessberg
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The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.


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