Part one of term paper
The Federal Deposit Insurance Corporation (FDIC) The Federal Deposit Insurance Corporation (FDIC) in an independent agency of the United States Congress that was created in 1933 in a section of the Federal Reserve Act. It’s main propose is to insure banks in the event of bank failure. In 1950, a section of the act concerning the corporati ...

Part two of term paper
... of the currency under federal law and state-chartered banks that get membership in the system. Other banks may be insured if they meet qualifications for the insurance. In 1989, the FDIC received all the functions from the Federal Savings and Loan Insurance Corp. (FSLIC). Now the FDIC controls two separate deposit funds, one, the Bank Insurance Fund for commercial banks, and the other, the Savings Association Insurance Funk for thrift institutions that were previously insured by the FSL ...