171 - FDIC - One Minute History

The FDIC was established in 1933 to restore public confidence after numerous bank failures during the Great Depression. It insures bank deposits up to $250,000 per depositor, but does not cover investments like stocks or bonds. The FDIC also oversees and monitors insured banks. During the savings and loan crisis of the 1980s and the financial crisis of 2008, the FDIC played a crucial role in resolving failed institutions and facilitating bank sales. Since its inception, no depositor has lost money from insured deposits.

What was the primary purpose of creating the FDIC in 1933?

What types of investments are not covered by the FDIC?

How much does the FDIC insure bank deposits for each depositor?

What actions did the FDIC take during the savings and loan crisis of the 1980s?

What has been the outcome for depositors since the FDIC's inception in 1933?