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Resources > Glossary > FDIC Insured

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FDIC Insured

Function: adjective

The FDIC also supervises some financial institutions for safety and soundness. Since the initiation of FDIC insurance on January 1st, 1934, no depositor has lost a cent as a result of a bank failure.

Definition 1:
Federal deposit insurance protects the first $250,000 of deposits that are payable in the United States.

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