Federal Deposit Insurance Corporation (FDIC): Preserves and
promotes public confidence in the U.S. financial system by
identifying, monitoring and addressing risk to the deposit
insurance fund; and by limiting the effect on the economy and
the financial system when a bank or thrift institution fails.
The FDIC maintains stability and public confidence in the U.S.
financial system by examining and supervising financial
institutions for safety and soundness; and for compliance with
consumer protection laws. FDIC insurance is backed by the full
faith and credit of the United States government. Since the FDIC
was established in 1933, no depositor has ever lost a single
penny of FDIC-insured funds. The FDIC insures deposits in banks
and thrift institutions for at least $250,000. The FDIC’s
Electronic Deposit Insurance Estimator (EDIE) is an interactive
Internet application located on the FDIC’s website that
calculates insurance coverage for one or more deposit accounts
owned by a depositor. To access EDIE as well a