Industry: Government agency

The Federal Deposit Insurance Corporation is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions. The FDIC was created by the 1933 Banking Act, enacted during the Great Depression to restore trust in the American banking system. Agency executives: Jelena McWilliams, Chairman; Vacant, Vice Chairman Founder: Franklin D. Roosevelt Founded: 16 June 1933 Headquarters: Washington, D.C., United States Employees: 8,713 (December 2012) Number of employees: 5,977 (September 30, 2017)

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