The Federal Deposit Insurance Corporation (FDIC) is an independent agency established by Congress to uphold stability and public trust in the country's financial system. It provides deposit insurance, conducts examinations, and supervises financial institutions to ensure safety, soundness, and consumer protection.
Additionally, the FDIC plays a crucial role in making large and complex financial institutions resolvable and manages receiverships when necessary. Its mission is to safeguard the integrity of the banking system and promote confidence among depositors and consumers.
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