What is another word for the FDIC?
Pronunciation: [ðɪ ˈɛfdˈɪk] (IPA) 
The FDIC, also known as the Federal Deposit Insurance Corporation, is the US government agency that protects bank depositors in case of bank failures. It was created in 1933 to build public confidence in the banking system after the Great Depression. Synonyms for the FDIC include the Federal Deposit Insurance Corporation, the FDIC deposit insurance, and federal deposit insurance. The primary purpose of the FDIC is to insure deposits and promote financial stability through its regulatory oversight of US banks. By providing deposit insurance, the FDIC encourages individuals and businesses to continue to save and invest, while also protecting them against financial loss.
