Updated September 28, 2026
What is Federal Deposit Insurance Corporation (FDIC)?
In short
The FDIC is the US federal body that insures bank deposits and supervises the banks you hold accounts with.
A federal regulator and deposit insurer for US banks, named on the licence details a bank publishes. For a borrower or saver the practical use is narrow: when you compare accounts, check that the institution holding your money names its regulator, then use that licence to look it up. Names repeat across brands and licence details do not, so the number is the part worth comparing.