From site: Welcome to FDIC’s Learning Bank! My name is Carmen Cents and I’ll be your guide through the Learning Bank. Click on the WHO coin on the left to begin our tour!
The Federal Deposit Insurance Corporation was created in 1933 to provide insurance protection for depositors if their bank fails. Since 1933, the FDIC has responded to thousands of bank failures, and its insurance protection has been expanded to include accounts in savings and loans associations. All insured depositors of failed banks and thrifts have been protected by the FDIC. The FDIC protects up to $250,000 of your funds for savings or checking account, certificate of deposit, or money market; and up to $250,000 for IRA or Keogh accounts (effective April 1, 2006).
