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 insures deposits, oversees financial institutions for safety and consumer protection, and manages receiverships.
With a focus on maintaining the soundness of the financial industry, the FDIC plays a crucial role in ensuring the resilience and resolution of large and complex financial institutions. Through its regulatory functions, the FDIC contributes to the overall health and integrity of the nation's financial sector.
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