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    agency

    Federal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress. It insures deposits at FDIC-insured banks. It helps maintain stability and public confidence in the U.S. financial system.

    fdic.gov
    Chairman of the FDIC Board of Directors
    Travis Hill

    Key facts

    Formed
    June 16, 1933 (created by the Banking Act of 1933)source
    Deposit insurance began
    1934source
    Deposit insurance limit
    $250,000 per depositor, per FDIC-insured bank, for each account ownership categorysource
    Chairman
    23rd Chairman; confirmed by the Senate on December 18, 2025source
    Employees
    5,137 (Q4 2025)source

    WYDE coverage of Federal Deposit Insurance Corporation

    Sources

    Track the institutions that move money.

    Data-driven coverage every Friday.