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Banking in the United States
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===Federal Deposit Insurance Corporation=== {{main|Federal Deposit Insurance Corporation}}The Federal Deposit Insurance Corporation (FDIC) is a [[:Government-owned corporation#United States|United States government corporation]] created by the [[Glass–Steagall Act]] of 1933. It provides [[deposit insurance]], which guarantees the safety of deposits in member banks, up to $250,000 per [[deposit account|depositor]] per bank. {{As of|2010|11|18|df=US}}, the FDIC insured deposits at 6,800 institutions.<ref name="fdic press release">{{cite web|url=http://www2.fdic.gov/idasp/index.asp|title=Institution Directory|date=February 11, 2014|publisher=FDIC|access-date=2014-02-20|archive-url=https://web.archive.org/web/20111113074521/http://www2.fdic.gov/IDASP/index.asp|archive-date=November 13, 2011|url-status=dead|df=mdy-all}}</ref> The FDIC also examines and supervises certain financial institutions for safety and soundness, performs certain consumer-protection functions, and manages banks in receivership (failed banks). Since the start of FDIC insurance on January 1, 1934, no depositor has lost any insured funds as a result of a bank failure.<ref name="who">{{cite web|url=http://www.fdic.gov/about/learn/symbol/|title=FDIC: Who is the FDIC?|date=January 18, 2013|publisher=FDIC|access-date=2014-02-20}}</ref><!-- Do not copy and paste content from Federal Deposit Insurance Corporation, there is a {{MA}} link to it. This section should just be a brief overview of its content. -->
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