The Federal Deposit Insurance Corporation (FDIC) is an independent agency established by Congress to ensure stability and public confidence in the nation's financial system. It insures deposits, supervises financial institutions for safety and consumer protection, resolves large financial institutions, and manages receiverships.
Additionally, the FDIC provides data and insights on the banking industry, including quarterly net income, number of insured banks, DIF balance, reserve ratio, and number of problem banks. For more information on banking regulations and policies, individuals can contact the FDIC directly.
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