United States Government Federal Deposit Insurance Corporation
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500 17th St NW
Washington, DC 20006
The United States Government Federal Deposit Insurance Corporation, based in Washington, DC, is a federal agency that provides deposit insurance to depositors in US banks and thrifts. It aims to maintain stability and public confidence in the nation's banking system by insuring deposits and regulating financial institutions.
Established in 1933 during the Great Depression, the FDIC plays a crucial role in safeguarding depositors' funds and promoting financial stability. It works to ensure the security of deposits up to a certain limit, helping to prevent bank runs and maintain the integrity of the banking industry.
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